Crestview Townhomes | Crestview, FL

• 10-unit Townhome property, nestled in quiet residential and multifamily neighborhood setting.
• All units are 2 bed/1.5 bath and are approximately 951 SF each.
• Current rents are approximately 11% below market value.
• Cap Rate potential of 7.15% after year 1 by adjusting rents to market levels.
• 11 minutes from Shoal River Ranch Gigasite which is expected to bring 350 high paying jobs to local marketplace.
• Minutes away from US-85 & Interstate 10.

Property Description

Crestview Townhomes is a 10-unit townhome property located in Crestview, Florida. The two buildings each have five units and were constructed in 2005 with frame construction on concrete foundation. Crestview Townhomes has a favorable unit mix consisting off all two-bed & one and a half bathroom units which average 951 square feet each.   This property is also being offered together with Spanish Trace Apartments, a 14-unit property approximately 20 minutes away.   Please contact Andrew Green ([email protected]) to discuss the offering.