FL > Niceville
Niceville, FL 32578,700 N Palm Blvd
Niceville, FL 32578,700 N Palm Blvd
Niceville, FL 32578,700 N Palm Blvd
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Katie Ragland

Katie Ragland

+1(256) 366-6974
Listed by Andy Powell • KELLER WILLIAMS REALTY GULF COAST
$1,500,000
Est. payment /mo
2 Beds
1 Bath
7,052 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,052 sqft

Price per Sqft $212

MLS Listing ID 674157

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1985

Property Sub-Type Apartment

Source Pensacola MLS

Property Description

Discover the potential of this well-maintained 8-unit apartment complex, perfectly positioned for steady rental income and future growth. The property consists of two buildings connected by a breezeway, offering a cohesive layout and convenient access for residents. Each of the eight units features 2 bedrooms, 1 full bath, a comfortable living room, a dedicated dining area, and a functional kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income while leaving room for strategic updates or new tenants as desired. Sitting on a generously sized lot, this property offers rare development flexibility. There is ample space to expand up to 15 total units, allowing the addition of another apartment building, townhomes, or even single-family homes—making it an ideal opportunity for both seasoned investors and developers. Located just down the road from Northwest Florida State College and nearby medical facilities, the demand for quality rental housing in this area remains strong. With its prime location, existing income, and room to grow, this property is truly a standout investment with unlimited potential.

Location

State FL

County Okaloosa

Zoning Res Multi

Rooms

Kitchen Laminate Counters, Pantry

Interior

Interior Features Storage, Baseboards, Ceiling Fan(s), High Speed Internet

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Tile, Vinyl

Appliance Electric Water Heater, Dishwasher, Refrigerator

Exterior

Parking Features 1 Space/Unit, Guest

Utilities Available Cable Available

Waterfront Description None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Central Access

Faces N. on Hwy 85 to right on College Blvd to right on Palm Blvd. Complex will be on the left.

Story 2

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 051S22256B00150080

Security Features Smoke Detector(s)

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Katie Ragland

Katie Ragland

+1(256) 366-6974

Associate Broker in AL; Realtor® in FL | License ID: AL 152229-2 / FL 3575554

Associate Broker in AL; Realtor® in FL License ID: AL 152229-2 / FL 3575554

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