Riviera Bay Townhomes

For Sale

4600 Range Rd, Niceville, FL 32578

This Niceville property for sale is located at 4600 Range Rd. The current listed sale price for Riviera Bay Townhomes is $5,950,000. Riviera Bay Townhomes is situated on a lot that is 128,937 acre in size.

Contacts

broker

Shane Quinlan

Riviera Realty Group

(888) 240-0499

Property Details

  • Property Type Multi-Family
  • Property Size 33,612 SF
  • Units 36
  • Lot Size 128,937 Acre
  • Parking Spaces Avail. 58
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Date Updated Jan 23, 2024
Garden style 36 unit townhome complex on almost 3 acres of level land in growing Niceville/Valparaiso sub-market. Centrally located near Mid-Bay Bridge bypass, 10 minutes to Destin to the south and 25 min. to Crestview to the North. An excellent unit mix of 28 two bed and 8 one bed units. An assumable Freddie Mac debt @3.64% rate with approx. 9 yrs. remaining on term, 1 yr. interest only, 30 yr. amort. The property has underground utilities, low maintenance brick siding and dimensional shingle roofs that were replaced in 2016. The complex has an onsite leasing office, maintenance shop and laundry facility. Recent capex improvements include parking lots, HVAC units, hot water heaters and four kitchen/bath remodels. Proven $150-$200 upside in moving to market rents. Listing Broker has ownership interest in selling entity..Assumable Freddie Mac Loan/ Seller Pref Equity

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Getting around

  • 34/100

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  • 39/100

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Location

  • City Niceville, FL
  • Neighborhood Bluewater Bay
  • Zip Code 32578
  • Market Pensacola

Points of Interest

  • Exxon

    0.45 miles

  • Kangaroo Express

    0.50 miles

  • CEFCO Convenience Store

    2.74 miles

  • Texaco

    3.37 miles

  • Murphy USA

    3.60 miles

  • Tom Thumb

    3.82 miles

  • Shell

    6.98 miles

  • Murphy USA

    7.31 miles

  • TomThumb

    7.35 miles

  • Race Ways

    7.91 miles

  • Taxi Queue

    8.33 miles

  • Cellphone Lot

    8.38 miles

  • Regency Inn

    0.50 miles

  • Tru

    1.92 miles

  • Hampton Inn Niceville-Eglin AFB

    1.98 miles

  • Holiday Inn Express

    5.21 miles

  • Quality Inn

    5.40 miles

  • TownePlace Suites Niceville Eglin AFB Area

    5.52 miles

  • Comfort Suites

    5.59 miles

  • Best Western Sugar Sands inn & Suites

    6.93 miles

  • Extended Stay America

    7.04 miles

  • Southern Vacation Rentals

    7.07 miles

  • Winn-Dixie

    0.48 miles

  • Publix

    2.90 miles

  • Walmart Supercenter

    3.54 miles

  • Ross

    3.78 miles

  • Beall's Outlet

    3.89 miles

  • Palm Plaza

    4.12 miles

  • Bayou Plaza

    5.78 miles

  • Belk

    6.70 miles

  • Paradise Key at Kelly Plantation

    6.77 miles

  • Whole Foods Market

    6.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Shane Quinlan

Riviera Realty Group

(888) 240-0499