32 Units in Crystal River FL
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32 Units in Crystal River FL
3 Multifamily Properties Offered at $3,650,000 in Crystal River, FL
Investment Highlights
- 32-unit Apartment Building (3 buildings sold combined or separately)
Executive Summary
Rarely available 32-unit apartment building with excellent income potential located close to the highly desirable Crystal River Preserve State Park. The property is comprised of 21 - I bedroom and 11 - 2 bedroom apartments. Offered separately or combined as a 32 unit package with 8570 W. Mayo (10 units), 8590 W. Mayo (10 units) and 8710 W. Mayo (12 units). Sold AS-IS. No survey. Buyer must take subject to any violations and/or municipal requirements.
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,650,000 | Number of Properties | 3 |
| Price / SF | $132.07 / SF | Individually For Sale | 3 |
| Cap Rate | 7.83% | Total Building Size | 27,636 SF |
| Sale Type | Investment | Total Land Area | 4.39 AC |
| Status | Active |
| Price | $3,650,000 |
| Price / SF | $132.07 / SF |
| Cap Rate | 7.83% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 27,636 SF |
| Total Land Area | 4.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lost Lake Apartments
8570 W Mayo Dr, Crystal River, FL 34429 |
Multifamily | 9,000 SF | 1985 | $1,150,000 |
|
Lost Lake Apartments
8590 W Mayo Dr, Crystal River, FL 34429 |
Multifamily | 7,788 SF | 1985 | $1,150,000 |
|
Mayo Drive & Lost Lake Apartments
8710 W Mayo Dr, Crystal River, FL 34429 |
Multifamily | 10,848 SF | 1988 | $1,350,000 |
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32 Units in Crystal River FL
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