$12,390,000
$12,950,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
71,250 SqFt
SOLD DATE : 03/08/2024
Key Details
Sold Price $12,390,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 71,250 sqft
Price per Sqft $173
MLS Listing ID 922448
Sold Date 03/08/24
Year Built 1987
Lot Size 8.260 Acres
Acres 8.26
Property Description
Price Improvement-Riviera Ridge Townhomes enjoys a central Valparaiso location close to Eglin Air Force Base, Northwest Florida State College and various employment, entertainment and dining opportunities. The Property is located just off of John Sims Parkway, the main artery through Valparaiso, leading from Niceville to Eglin AFB in southern Okaloosa County.Riviera Ridge Townhomes contains 84 rental units built in two phases. Initially, Phase I was constructed in 1984 and Phase II was completed in 1986. The complex is comprised of 22 rental buildings, 1 one story maintenance shop and 1 one story office building distributed over 8 acres. The buildings are wood frame construction, with a brick veneer, in an array of exterior styles.
Location
State FL
County Okaloosa
Area 13 - Niceville
Zoning R-2
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