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Property Description

Welcome to Bayshore Apartments, a prime investment opportunity in a highly desirable location. This well-maintained 14-unit community offers an exceptional combination of modern amenities and strong rental demand, making it an ideal addition to any multifamily investment portfolio. Each of the 14 units (957 Sq Ft each) features a spacious 2-bedroom, 1-bathroom floor plan, designed with comfort and style in mind. With annual gross potential rent of $243,600, the apartments have been thoughtfully updated with contemporary kitchens and bathrooms, ensuring that residents enjoy a fresh, modern living experience. Additionally, each unit boasts a private balcony or patio, providing residents with their own outdoor retreat to relax and enjoy the surroundings. The property also offers abundant parking, a valuable feature that enhances tenant satisfaction and convenience. Located in a thriving community with easy access to local amenities, employment centers, and top-rated schools, Bayshore Apartments offers both immediate income and long-term investment potential. The combination of updated features, newer roofs, newer impact resistant windows, high occupancy, abundant parking, and strong rental income makes this property a valuable asset for any multifamily investor looking to capitalize on a stable and growing market. Don't miss this opportunity to secure a profitable investment in a sought-after location.

Overview

Property Status
Sold
Date Sold
December 20, 2024
MLS ID
654479
Property Type
Condo
Year Built
1984

Features & Amenities

Total Area
13,398 Sq.Ft.
Water Frontage
None
Stories
2
Water Source
Public
Pool
None
Roof
Shingle
Lot Features
Interior Lot
Parking
Assigned, Guest
Heat Type
Central, Fireplace(s)
Air Conditioning
Ceiling Fan(s), Central Air
Laundry Room
W/D Hookups
Appliances
Electric Water Heater, Dishwasher, Refrigerator
Other Interior Features
Ceiling Fan(s), High Speed Internet
Sewer
Septic Tank
Substructure
Slab
Security Features
Smoke Detector(s)
Other Exterior Features
Balcony
Elementary School
Gulf Breeze
Middle School
GULF BREEZE
High School
Gulf Breeze
Sales Price
$2,200,000
Zoning
Res Multi

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1070 Bayshore Rd

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1070 Bayshore Rd
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