1650 W Highway 98 | Mary Esther, FL 32569
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- LoopNet Team
1650 W Highway 98
Mary Esther, FL 32569
Gulf Cove Apartments · Multifamily Property For Sale · 120 Units
Investment Highlights
- In-Place Value-Add Initiative to Build On
- $2.25+ Million CapEx Invested with Minimal Deferred Maintenance
- Additional Rent Growth Headroom to Submarket Competitors
PROPERTY FACTS
| No. Units | 120 | Building Size | 93,000 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 5.54 AC |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.54 AC |
| Building Size | 93,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.72/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 120 | - | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,570,410 | |
| Land Assessment | $878,819 | Total Assessment | $9,449,229 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$878,819
Improvements Assessment
$8,570,410
Total Assessment
$9,449,229
zoning
| Zoning Code | R -2 (Residential) |
| R -2 (Residential) |
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