Courtesy of , Keller Williams Town & Country
Property Description
RARE INVESTMENT OPPORTUNITY 851 Maple St is a rare investment opportunity for investors looking for long term cash flow and stability, with additional re-development potential. As it sits, this asset is comprised of two quadplexes on 3.84 acres. Each two story detached structure contains 4 2 bedroom 1.5 bath units. With this asset being located in close proximity to both River Junction Correctional Facility and the Florida State Hospital, this makes for a high demand affordable housing solution for the hundreds of employees at the combined institutions. With the average Median Income per household of Chattahoochee being $54,375 and the per capita at $14,700, this will be an affordable option for the vast majority of the population as well, at the current market/active rents of $975 per unit. This property was acquired by the current owner in 2023 and was appraised at $610,000.00 before the interior renovations of all of the units. This is a turnkey investment opportunity with strong past, present, and future value rents.
Open House
Property Details and Features
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Appliances & Equipment
- Range
- Refrigerator
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Building
- Built in 1978
- Construction materials: WoodSiding
- Toal building area: 7280
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Cooling
- CentralAir
- CeilingFans
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Floors
- Laminate
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Heating
- Central
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Listing
- Listing ID: 393635
- Standard status: Active
- 7 days on market
- 8 toal units
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Location
- Subdivision name: UNREC
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Parking
- Unassigned
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Possession
- CloseOfEscrow
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Schools
- Elementary school: Chattahoochee Elementary (Gadsden)
- Middleorjuniorschool: Shanks Middle School (Gadsden)
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Security Features
- SmokeDetectors