For sale
  • $629,000

    851 Maple St #8, Chattahoochee, FL 32324

    8beds
    8baths
    7,280sqft
    : 
    Multi Family
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $86/sqft
    $-- HOA

    What's special

    Two story detached structure
    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.
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