Sandbucket | 100 S 39th St
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Sandbucket 100 S 39th St
4 Unit Apartment Building $2,350,000 ($587,500/Unit) 6.81% Cap Rate Mexico Beach, FL 32456
Investment Highlights
- The quadplex is 100% leased, generating a gross income of $170,000 in 2023, with potential earnings of $200,000.
- Just a short walk to pristine Gulf beaches, offering easy access to sunbathing, swimming, and local dining and shopping.
- Each unit includes 2 bedrooms and 3 bathrooms, with a new roof, fresh flooring, and new furniture for a contemporary feel.
- Units feature high-speed Wi-Fi, flat-screen TVs, central air conditioning, private patios or balconies, and dedicated parking spaces.
Executive Summary
Welcome to your ideal vacation destination in Mexico Beach, Florida! This recently updated quadplex features four charming units, each with 2 bedrooms and 3 bathrooms. Perfect for groups or families seeking a memorable beach escape, this property combines stylish updates with a prime location just steps from the Gulf of Mexico.
Modern updates abound, as each unit has a brand-new roof, modern air conditioning, fresh flooring, and stylish new furniture, allowing you to enjoy a contemporary, comfortable stay with all the amenities you need. Each unit boasts a spacious layout with 2 bedrooms and 3 bathrooms, providing ample space for relaxation and privacy. Open-concept living areas are designed for easy socializing, while private bedrooms ensure restful retreats. Bright and airy, each unit features tasteful coastal decor. Living spaces are comfortably furnished, and fully equipped kitchens include modern appliances and ample counter space for all your culinary needs.
Step outside to private patios or balconies where you can unwind and soak up the beautiful surroundings, enjoying alfresco dining, morning coffee, or simply basking in the sun. Just a short walk from the pristine Gulf beaches, you’ll have easy access to sunbathing, swimming, and water activities. Explore local dining, shopping, and attractions in the charming Mexico Beach area. Each unit includes high-speed Wi-Fi, flat-screen TVs, and central air conditioning, ensuring a comfortable and connected stay. Ideal for large groups or multiple families traveling together, this quadplex offers flexibility and convenience, with each unit providing the comforts of home.
Escape to Mexico Beach and experience the perfect blend of modern amenities, coastal charm, and profitable investment potential. Whether you seek relaxation or adventure, this updated quadplex offers the ultimate beachside retreat. Book your stay or investment opportunity today and enjoy the best of Florida’s Gulf Coast!
Modern updates abound, as each unit has a brand-new roof, modern air conditioning, fresh flooring, and stylish new furniture, allowing you to enjoy a contemporary, comfortable stay with all the amenities you need. Each unit boasts a spacious layout with 2 bedrooms and 3 bathrooms, providing ample space for relaxation and privacy. Open-concept living areas are designed for easy socializing, while private bedrooms ensure restful retreats. Bright and airy, each unit features tasteful coastal decor. Living spaces are comfortably furnished, and fully equipped kitchens include modern appliances and ample counter space for all your culinary needs.
Step outside to private patios or balconies where you can unwind and soak up the beautiful surroundings, enjoying alfresco dining, morning coffee, or simply basking in the sun. Just a short walk from the pristine Gulf beaches, you’ll have easy access to sunbathing, swimming, and water activities. Explore local dining, shopping, and attractions in the charming Mexico Beach area. Each unit includes high-speed Wi-Fi, flat-screen TVs, and central air conditioning, ensuring a comfortable and connected stay. Ideal for large groups or multiple families traveling together, this quadplex offers flexibility and convenience, with each unit providing the comforts of home.
Escape to Mexico Beach and experience the perfect blend of modern amenities, coastal charm, and profitable investment potential. Whether you seek relaxation or adventure, this updated quadplex offers the ultimate beachside retreat. Book your stay or investment opportunity today and enjoy the best of Florida’s Gulf Coast!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,350,000 | Apartment Style | Low Rise |
| Price Per Unit | $587,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.81% | Building Size | 5,280 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2002/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Price | $2,350,000 |
| Price Per Unit | $587,500 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,280 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2002/2023 |
| Parking Ratio | 1.89/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Carpet
Site Amenities
- 24 Hour Access
- Grill
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+3 | 4 | - | 1,320 |
zoning
| Zoning Code | TCOM (Tourist Commercial) |
| TCOM (Tourist Commercial) |
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Sandbucket | 100 S 39th St
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