500 Kelly Mill Road, Valparaiso, FL 32580

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Gordon M.

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Building Details:

500 Kelly Mill Road is amulti-family property for lease in Valparaiso, FL.

Southern Gardens Apartments contains 84 rental units built in two phases. Initially, Phase I was constructed in 1982 and Phase II was completed in 1987. The complex is comprised of 22 rental buildings, 1 one story maintenance shop and 1 one story office building distributed over 8 acres. The buildings are wood frame construction, with a brick veneer, in an array of exterior styles. Southern Gardens provides a favorable unit mix of 15 one bedroom units and 69 two bedroom units. Units range in size from 725 to 875 square feet, with one bedroom units currently renting for $595/month and two bedroom units currently renting for $650/month. All apartments include fully appointed electric kitchens and private patios. There is also an on-site central laundry facility that generates additional income. The property's Tenants pay all utilities for their respective apartment.

Southern Gardens Apartments enjoys a central Valparaiso location close to Eglin Air Force Base, Northwest Florida State College and various employment, entertainment and dining opportunities. The Property is located just off of John Sims Parkway, the main artery through Valparaiso, leading from the Niceville to Eglin AFB in southern Okaloosa County.

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