Property details
Apartment Building For Sale, Southeast Region
Property Description
Apartment Building For Sale
Apartment Building For Sale consisting of a 80+ acre residential neighborhood that has something for everyone. It offers a relaxed approach to life for the entire family coupled with all the amenities of coastal living. With a great location that is close to everything, you will still enjoy the privacy of a traditional neighborhood at a place you will love to call home.
• Newly constructed; New Kitchen Cabinets with New Hardware
• New Granite Counters and Fixtures
• New Appliances
• New Washers and Dryers
• New Granite Top Bathroom Vanities and Fixtures
• New Lighting Fixtures
• New Designer Floor Tiles in Kitchens and Bathrooms
• New Carpeting
• Patios Available
• Full Facility Clubhouse with Business Center, Heated Swimming Pool and Recreation Deck
• Separate Men’s and Woman’s Dressing Rooms
• State-of-the-Art Fitness Center
• Extensive Children’s Playground
• Lake Front Views Available
• Next to Wildlife Preserve
• Individual Garages Available
Up to 50% depreciation deduction. Go Zone investing enables you to take fifty percent depreciation incentive for your property in the first year itself. Investors are also able to finance their projects with the help of special tax-exempt bonds called the Go Zone bonds. With the help of these incentives, Go Zone investing actually offers buyers and developers numerous opportunities to make sure that they make the most of their property deals. Properties across the Gulf Coast region are, therefore, considered to be the best deals for investors that also help in escalating re-development efforts. Investment goals and tax liabilities differ for everyone. Go Zone incentives and deductions may differ in terms of Go Zone qualifications. We make no representation as to an individual or properties eligibility to receive Go Zone Bonus Depreciation and/or incentives. You must consult a tax professional to ensure your eligibility for GO Zone bonus tax deductions or other incentives.
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Highlights
- Status:
- Available
- Price:
- $23,000,000
- PSF:
- $128
- Cap Rate:
- 5.00%
- Annual Rent:
- $1,206,521
- Rent Increases:
- None
Property Information
- Building Size:
- 180,000 sq.ft.
- Property Type:
- Portfolios
- Industry Type:
- Residential
- Units/Spaces:
- 96
- Year Built:
- 2007
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.