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5378 Alabama St 5 Unit Apartment Building Offered at $461,860 CAD Milton, FL 32570
Investment Highlights
- Includes five existing homes across 1.13 acres, delivering immediate income potential.
- Corner lot portion at Alabama St and Hunt St identified as a potential build site.
- Offered in a location with access to local amenities and major transportation routes.
- Survey completed for parcel subdivision, with new legal description to be recorded at closing.
- Homes mix: four 2-bedroom/1-bath units and one 1-bedroom/1-bath unit.
- Rent history documentation available upon request.
Executive Summary
This is a rare opportunity to own a 1.13-acre parcel featuring five separate income-producing homes in Milton, Florida. The portfolio comprises 5378 Alabama St, 5374 Alabama St, 6794 Hunt St, 5374 Hunt Ct, and 5380 Hunt Ct, offering diverse rental income streams. All residences are 2-bedroom, 1-bath layouts, except for 5374 Hunt Ct, which is a 1-bedroom, 1-bath home. The property has been surveyed for subdivision with a new parcel number and legal description to be recorded at closing, creating potential flexibility for future development or resale options. One of the prospective build sites occupies a prominent corner of Alabama St and Hunt St, adding further value to this investment.
Rent history can be provided to support the income potential. Due to the composition of multiple homes on a single parcel, financing will most likely require a commercial loan. Utilities include public water and sewer, and all homes are currently on-site. This is a compelling acquisition for investors seeking immediate cash flow from an established rental base and the opportunity to reposition for greater long-term returns.
Rent history can be provided to support the income potential. Due to the composition of multiple homes on a single parcel, financing will most likely require a commercial loan. Utilities include public water and sewer, and all homes are currently on-site. This is a compelling acquisition for investors seeking immediate cash flow from an established rental base and the opportunity to reposition for greater long-term returns.
Property Facts
| Price | $461,860 CAD | Building Size | 5,600 SF |
| Price Per Unit | $92,372 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 5 | Year Built | 1949 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Lot Size | 2.00 AC |
| Price | $461,860 CAD |
| Price Per Unit | $92,372 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 2.00 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-1N-28-2530-00100-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $337,532 CAD |
Property Taxes
Parcel Number
03-1N-28-2530-00100-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$337,532 CAD
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5378 Alabama St
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