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 The
Palms of Freeport  
www.PalmsOfFreeport.com and
www.FreeportTownhomes.com
30 Min. to the Newest and Largest Airport in the country
(more)
(photos)
36 Min. to Elgin Air Force Base with $380 Million in
expansion
(more)
15 Min. to the Worlds Top 10 beaches rated by Frommers
(more)
Tour the complex here |
tour one of the units here
| Potential Rentals
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Covenants
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Flyer | Location |
Utilities | NOW ONLY $79,900
Each
62 Bank Owned Townhomes. Brand New! In downtown Freeport,
Florida between Destin and Panama City Beach. Previously listed at $219,000
sales at $144k.
Just 11 miles from Hwy 98 and 13 miles from the white sandy beaches of South
Walton County. Located on Hwy 331 in downtown Freeport.
Each unit has 1109 sf,
Two bedrooms and Two and a half baths.
15284 Hwy 331, Freeport, FL. 32439 Between Panama City Beach & Destin
Previous sales were $144,000 each prior to foreclosure. At that price the value would be $8,928,000 for 62 units.
(click here to see 19 page
appraisal) of all 67 units
 That's $62,903 each as a
bulk buy!
Only 33 cents on the dollar. Or ask about special pricing to buy a building with 4 or 5 units.
Tour one of the units. Just click on any photo to enlarge.
FEATURES: granite counters, solid wood custom cabinets,
stainless appliances, 18 inch tile, travertine counters in bathrooms,
New Orleans style paver entry ways, upgraded lighting package,
wooden decks on the back of each unit, plenty of storage, large bedrooms, and
the floor plan is very spacious.
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Front of one unit
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Nice kitchens
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living and dining on main level
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upstairs list price
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Bedroom #1
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br #1
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Bath #1
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bath #2
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bedroom #2
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Tour the complex. Just click any photo to enlarge.
Bldg #1
Located close to Eglin AFB
Great Location and close to everything.
- 18 minutes to the white sandy beaches of Greyton and Santa Rosa Beach
- 14 minutes to Interstate 10
- 15 minutes to Lowes, Wal-mart, Winn Dixie, etc.
- 20 minutes to Ebro Gray hound Park
- 5 miles to the CHOCTOWHATCHEE Bay
- 22 Miles to Niceville
- 18 miles to Okaloosa County
- 24 miles to Destin
- 28 miles to Eglin Air Force Base
- 6.5 miles to site C-6 at Eglin AFB
- 35 minutes to the New Panama City Northwest Florida International
Airport.
Utilities
Cox Communications / cable, internet, phone. 850 796-1269
Chelco Electric
Mailing Address: P.O. Box 512, DeFuniak Springs, Florida 32435
Phone:
Toll Free: (800) 342-0990 / Local: (850) 892-2111
Potential Income as a Rental Complex:
The
62 units Appraised for $11,567,164 in 2006 ($185,567 Ea.).
But
them today for only $3.9 mil. ($62,900 each)
Would make a great cash flow as a rental complex.
Below are some numbers to consider.
With
100% rented at $750 each, the monthly rental income is $46,500 ($558,000 per
year net)
With
80% rented at $750 each, the monthly rental income is $37,500 ($450,000 per year
net)
We will take applications for rentals as we sell units to investors. The bank
will not do any rentals.
Click here for a Rental Application
Must have a verifiable job and resonable credit.
We run a criminal history on all tenants
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Bank Foreclosures /
