6631 Magnolia St, Milton, FL 32570
Local realty services provided by:ERA American Real Estate
6631 Magnolia St,Milton, FL 32570
$1,294,900
- - Beds
- - Baths
- 6,144 sq. ft.
- Multi-family
- Active
Listed by: jennifer amberg
Office: palm island realty group, llc.
MLS#:687888
Source:FL_PMLS
Price summary
- Price:$1,294,900
- Price per sq. ft.:$210.76
About this home
Excellent multifamily investment opportunity in Milton! Updated complex consisting of a total of 12 1-bedroom, 1-bathroom units. Each unit has been updated with modern finishes including luxury vinyl plank flooring, stainless steel appliances, quartz countertops, updated fixtures, and washer/dryer hookups. The property is currently 10 of 12 units occupied, providing immediate rental income with additional upside through lease-up of the two vacant units. One vacant unit, 6651, is currently set up and utilized as an on-site leasing office and could be returned to residential use. Current base rents are approximately $925-$945 per month, with tenants also paying an additional $75 monthly utility/service fee covering water/sewer, trash, pest control, and lawn care. Situated on approximately 0.48 acres, the property also offers assigned resident parking. With all 12 units already updated, plus strong existing occupancy, this apartment complex offers an attractive opportunity to acquire an income-producing multifamily asset with additional revenue potential. Additional portfolio opportunity available: Seller also owns an 8-unit complex next door consisting of 2-bedroom, 1-bathroom units, as well as a nearby 6-unit property consisting of a 2-bedroom, 1-bathroom duplex and four 1-bedroom, 1-bathroom units on the same parcel. Seller is willing to consider a package transaction, providing an opportunity to acquire up to 26 multifamily units in close proximity. Properties may also be purchased separately....
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Home facts
- Year built:1982
- Subdivision & Development:Milton Heights
- Listing ID #:687888
- Added:81 day(s) ago
- Updated:November 12, 2026 at 05:45 PM
Rooms and interior
- Living area:6,144 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1982
- Building area:6,144 sq. ft.
- Lot Features:Central Access
- Construction Materials:Frame
- Exterior Features:Covered
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Milton
- Middle school:R. HOBBS
- Elementary school:W. H. Rhodes
Finances and disclosures
- Price:$1,294,900
- Price per sq. ft.:$210.76
Parking
- Parking description:Assigned, Parking Lot
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