710 Arbor Lake Dr | Crestview, FL 32536
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- LoopNet Team
710 Arbor Lake Dr
Crestview, FL 32536
Arbor Lake Townhomes & Land · Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- 23-Unit Townhome Community Constructed in 2009
- 9.5 Acres of Shovel-Ready Land with the Ability to Develop an Additional 88 Townhome Units (Phase II)
- Located in Rapidly Growing Crestview, FL – Projected 5.9% Population Growth Over the Next 5 Years in 10 Mile Radius
- Ability to Develop an Additional 36 Platted Townhome Units (Phase I) with Infrastructure and Utility Stub-Outs In-Place
- All Assets Can be Sold Separately or in Conjunction Creating a 160-Unit Community When Completed
- Over $210 in Additional Rental Upside Available with Light Capital Infusion Which Would Still Leave Rents $0.20 Per Square Foot Below the Market Avera
PROPERTY FACTS
| No. Units | 23 | Building Size | 51,197 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2009 |
| Building Class | B | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 9.50 AC | ||
| Zoning | PUD, R2 - Planned Development | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 9.50 AC |
| Building Size | 51,197 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | PUD, R2 - Planned Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Pool
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 23 | $964.00 | 1,200 |
PROPERTY TAXES
| Parcel Number | 08-3N-23-1701-0000-001B | Improvements Assessment | $0 |
| Land Assessment | $147,249 | Total Assessment | $147,249 |
PROPERTY TAXES
Parcel Number
08-3N-23-1701-0000-001B
Land Assessment
$147,249
Improvements Assessment
$0
Total Assessment
$147,249
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