545740 US Highway 1
Multifamily | 12 Units | $131,667/unit
Marketing description
The North Coast Apartments represent an excellent value-add multifamily investment in Callahan, Florida. The subject property comprises one (1) garden-style single-story building with board and batten exteriors, featuring 12 units on 1.02 acres. This complex is comprised of (2) 2bd/2ba, (2) 2bd/1ba, (8) 1bd/1ba units. An adjacent parcel is included in the sale featuring another .58 AC zoned General Commercial. A total of 1.68 Acres and endless possibilities for increased cash flow including Garages / Storage, a Single-family dwelling for an added on-site manager/office, and much more. Seller Financing available!
Investment highlights
Value-Add Multifamily Opportunity in Growing Callahan, FL
Strong upside potential in a rapidly developing Nassau County submarket with increasing housing demand.
Additional .58-Acre Parcel Included
Adjacent General Commercial–zoned land brings the total to 1.68 acres, significantly expanding future development capabilities.Desirable Unit Mix
Includes (2) 2BD/2BA, (2) 2BD/1BA, and (8) 1BD/1BA units, offering strong leasing flexibility and broad tenant appeal.Multiple Revenue Expansion Paths
Potential for garages/storage units, a single-family unit for an on-site manager, office space, or other commercial uses—ideal for boosting NOI.Seller Financing Available
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