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248 Four Mile Rd 8 Unit Apartment Building $1,350,000 ($168,750/Unit) Freeport, FL 32439
Investment Highlights
- Solid brick duplex construction with lots of parking
- Near parks, schools and, shopping
- Very close to the City of Freeport and convenient for workers
Executive Summary
This property includes 4 updated duplex units (8 units total) plus an additional 2 acres with R-3 zoning allowing up to 14 units to be built per acre. Cash flow is excellent and the units have been fully remodeled and updated.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$20.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$20.00
|
| Taxes |
$2,239
|
$0.37
|
| Operating Expenses |
$26,000
|
$4.33
|
| Total Expenses |
$28,239
|
$4.71
|
| Net Operating Income |
$91,761
|
$15.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $20.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $20.00 |
| Taxes | |
|---|---|
| Annual | $2,239 |
| Annual Per SF | $0.37 |
| Operating Expenses | |
|---|---|
| Annual | $26,000 |
| Annual Per SF | $4.33 |
| Total Expenses | |
|---|---|
| Annual | $28,239 |
| Annual Per SF | $4.71 |
| Net Operating Income | |
|---|---|
| Annual | $91,761 |
| Annual Per SF | $15.29 |
Property Facts
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 16-1S-19-23000-008-0020 | Total Assessment | $154,743 |
| Land Assessment | $11,061 | Annual Taxes | $2,239 ($0.37/SF) |
| Improvements Assessment | $143,682 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-1S-19-23000-008-0020
Land Assessment
$11,061
Improvements Assessment
$143,682
Total Assessment
$154,743
Annual Taxes
$2,239 ($0.37/SF)
Tax Year
2025
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248 Four Mile Rd
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