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6665 Magnolia St

Milton, FL 32570
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Excellent multifamily investment opportunity in Milton! This 8-unit apartment complex consists entirely of updated 2-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 stackable washer and dryer included with each unit. The property is currently 6 of 8 units occupied, providing immediate rental income with additional upside through lease-up of the two vacant units. Current rents range from approximately $1,045 to $1,195 per month, with the vacant units currently offered at $1,195. Tenants also pay an additional $75 per month covering water/sewer, trash, pest control, and lawn care. Situated on approximately 0.55 acres, the complex provides two assigned park ing spaces per unit. With all eight units updated and two units immediately available for lease, the property offers an investor the opportunity to acquire an income-producing multifamily asset with additional near-term revenue potential. Additional portfolio opportunity available: Seller also owns the 12-unit multifamily complex directly next door, consisting of updated 1-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, creating the opportunity to acquire up to 26 units in close proximity. Properties may also be purchased separately.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,295,000

AD Id : 89906770

MLS Id : 687890

Year Built : 1969

County : Santa Rosa

Subdivision: Milton Heights

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Feature Features

  • Flooring Information

    See Remarks
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Heating: Central Cooling: Ceiling Fan(s), Central Air

  • Building Information

    Year Built: 1969

  • Lot Information

    Lot Description: Central Access Lot Size Units: Acres Stories: 2

    Property Information

    Property Type: Residential Income Sub Type: ApartmentSubdivision: Milton Heights

  • Listing Price Information

    Original Listing Price: $1295000

  • Tax Information

    Parcel Number: 342N282470011000100

  • Elementary School: W. H. Rhodes
    Junior High School: R. HOBBS
    Senior High School: Milton
  • Location Information

    Direction: FROM CAROLINE(US 90), NORTH ON STEWART ST (SR 87) TO LEFT MAGNOLIA. APARTMENT IS ON THE LEFT.
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ByOwner last updated this listing 08/30/2026 @ 01:27

MLS: 687890 LISTED BY: Jennifer Amberg, Palm Island Realty Group, LLC 850-807-4122 SOURCE: Pensacola MLS

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