Riviera Place Apartments

Investment Overview

Introducing a prime investment opportunity in Northwest Florida! Discover a meticulously renovated 42,000 SF, 55-unit multifamily gem, boasting a prime location zoned for Multifamily use. This property is a beacon of opportunity, with a track record of exceptional performance evidenced by its impressive 95% occupancy rate. Featuring modern amenities and thoughtful design, this low-rise/garden property represents a compelling prospect for prospective investors seeking a turnkey opportunity in the flourishing Northwest Florida market. Current in-place ASSUMABLE Freddie MAC first mortgage: Origination: March 24, 2022 Loan Amount: $3,120,000 Term: 10 yrs. Amort: 30 yrs. Rate: 3.54% Don't miss your chance to add this high-performing asset with below market debt to your portfolio!

Investment Highlights

• - 42,000 SF low-rise/garden building
• - 55 modern and spacious units
• - Recent 2023 renovation including new metal roofs
• - Assumable Freddie Mac loan at 3.54% w/ approx. 7 years remaining
• - Low maintenance hard coat stucco exteriors, freshly painted in 2023
• - Impressive 95% occupancy rate