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590-592 Hill Ln
Niceville, FL 32578

$1,400,718 USD

Apartments For Sale  •  9,504 SF

Property Details

• Property Type Apartments
• Total Building Size 9,504 SF
• Lot Size 0.21 AC
• Building Class C
• Year Built 1987
• Cap Rate 7.52 %

0 Transit Score

30 Walk Score

Highlights

100% occupied — all 10 units leased at $1,341 avg in-place rent

$19,080 annual loss to lease; 12% avg upside captured through natural turnover

Priced at $140,000/unit — 22% below most recent Niceville trade

2.5 miles to Eglin AFB; Government & Defense = 28% of area employment

All 10 units identical 2BD/1.5BA townhomes — single floor plan simplifies ops

Niceville population up 13.6% since 2020; median HH income $102,409

Cap Rate:

7.52 %

Public Transportation

Airport	Drive	Walk	Distance
Eglin AFB/Destin-Ft Walton Beach	11 min	-	5.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes