FL > Chattahoochee > Unrec
Chattahoochee, FL 32324,851 Maple Street #8
Chattahoochee, FL 32324,851 Maple Street #8
Chattahoochee, FL 32324,851 Maple Street #8
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$629,000
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8 Beds
6 Baths
7,280 SqFt
Active

851 Maple Street #8 Chattahoochee, FL 32324

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Gay Steffen

Gay Steffen

+1(850) 519-2701

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,280 sqft

Price per Sqft $86

Subdivision Unrec

MLS Listing ID 393635

Bedrooms 8

Full Baths 4

Half Baths 4

Construction Status Siding - Wood

Year Built 1978

Property Sub-Type Multi-Family

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.

Location

State FL

County Gadsden

Area Gadsden

Interior

Heating Central

Cooling Central, Fans - Ceiling

Flooring Laminate

Equipment Range, Refrigerator, Smoke Detector

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Kitchen - Galley, Kitchen/Din Rm/Liv Room

Story Unit - Ground Floor, Unit - Upstairs

Level or Stories Unit - Ground Floor, Unit - Upstairs

Construction Status Siding - Wood

Schools

Elementary Schools Chattahoochee Elementary (Gadsden)

Middle Schools Shanks Middle School (Gadsden)

High Schools Other

Others

Ownership Of Record

SqFt Source Tax

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams Town & Country

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Gay Steffen

Gay Steffen

Agent | License ID: 523778

+1(850) 519-2701

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851 Maple Street #8