Riviera Bay Townhomes

4600 Range Rd, Niceville, FL 32578

  • For Sale $5,950,000
  • 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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Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Shane Quinlan

Riviera Realty Group

(888) 240-0499

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent
  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Little Caesars

    0.36 miles

  • Lenny's Subs

    0.39 miles

  • Red Ginger

    0.43 miles

  • McDonald's

    0.43 miles

  • Whataburger

    0.47 miles

  • Tisano's Garlic Grill

    0.49 miles

  • Domino's

    0.49 miles

  • Taco Bell

    0.49 miles

  • Subway

    0.49 miles

  • Waffle House

    0.49 miles

  • Bluewater Elementary School

    0.39 miles

  • Plew Elementary School

    3.48 miles

  • James E. Plew Elementary School

    3.53 miles

  • Niceville High School

    4.44 miles

  • C W Ruckel Middle School

    4.48 miles

  • Addie R Lewis K-8 School

    4.83 miles

  • Addie R Lewis Junior High School

    4.88 miles

  • Northwest Florida State College

    5.05 miles

  • Max Bruner, Junior, Junior High School

    5.08 miles

  • Edge Elementary School

    5.65 miles

Frequently Asked Questions

What is the lease rate for Riviera Bay Townhomes?

Rental asking rate at Riviera Bay Townhomes is $2,975,000.00/YR.

What is the total square footage of Riviera Bay Townhomes?

Riviera Bay Townhomes totals 33,612 square feet.

When was this property built?

Riviera Bay Townhomes was built in 1984.

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Contact Listing Broker

broker

Shane Quinlan

Riviera Realty Group

(888) 240-0499