About This Property:

The Grove has been decisively re-priced to $4.99M, creating one of the most compelling stabilized multifamily opportunities currently available in Northwest Florida. The seller is prioritizing qualified buyers capable of executing a Q1 closing .The Grove is a 100% occupied, 44-unit apartment community that delivers strong in-place cash flow, immediate upside through a light value-add program, and long-term development optionality. Units lease in approximately one week, underscoring the depth of rental demand in this market.At the new price, the property offers:* $4.99M Purchase Price* In-Place NOI: $383, 133* 7.66% Takeover Cap Rate* 8.56% Year-One Cap Rate
(NOI modeled with updated property taxes and a new insurance quote)This is not a heavy lift or speculative repositioning. The current owner has already demonstrated rent growth on-site, providing clear proof of concept for the next phase of upside.