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6665 Magnolia St
Milton FL 32570 US

$1,295,000

Active Listing ID 687890
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7,006 square feet
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Apartment

$1,295,000

Active Listing ID 687890
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6665 Magnolia St Excellent multifamily investment opportunity in Milton! This 8-unit apartment complex consists entirely of updated 2-bedroom, 1-bathroom units. Each unit has been updated with modern finishes including luxury vinyl plank flooring, stainless steel appliances, quartz countertops, updated fixtures, and stackable washer and dryer included with each unit. The property is currently 6 of 8 units occupied, providing immediate rental income with additional upside through lease-up of the two vacant units. Current rents range from approximately $1, 045 to $1, 195 per month, with the vacant units currently offered at $1, 195. Tenants also pay an additional $75 per month covering water/sewer, trash, pest control, and lawn care. Situated on approximately 0.55 acres, the complex provides two assigned parking spaces per unit. With all eight units updated and two units immediately available for lease, the property offers an investor the opportunity to acquire an income-producing multifamily asset with additional near-term revenue potential. Additional portfolio opportunity available: Seller also owns the 12-unit multifamily complex directly next door, consisting of updated 1-bedroom, 1-bathroom units, as well as a nearby 6-unit property consisting of a 2-bedroom, 1-bathroom duplex and four 1-bedroom, 1-bathroom units on the same parcel. Seller is willing to consider a package transaction, creating the opportunity to acquire up to 26 units in close proximity. Properties may also be purchased separately.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Roof Type: Shingle
  • Heating Fuels: Central

School Information

  • School
  • W. H. Rhodes(Elementary)
  • R. HOBBS(MiddleSchool)
  • Milton(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 1295000
  • unparsedaddress: 6665 Magnolia St
  • postalcity: Milton
  • stateorprovince: FL
  • country: US
  • postalcode: 32570
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • listpricelow: 1295000
  • lotsizeunits: Acres
  • livingarea: 7006
  • livingareaunits: Square Feet
  • latitude: 30.645031
  • longitude: -87.045026
  • listagentfullname: Jennifer Amberg
  • listagentemail: jenn.amberg@palmislandrealty.com
  • listagentkey: 3yd-PARFL-13297
  • listagentmlsid: 13297
  • listagentpreferredphone: 8504000064
  • listagentofficephone: 8504000064
  • listofficekey: 3yd-PARFL-PG001
  • listofficemlsid: PG001
  • disclaimer: Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PARFL
  • yearbuilt: 1969
  • listingcontractdate: 2026-08-22
  • listagenturl: http://www.palmislandrealty.com
  • countyorparish: Santa Rosa
  • parcelnumber: 342N282470011000100
  • elementaryschool: W. H. Rhodes
  • highschool: Milton
  • cooling: Ceiling Fan(s), Central Air
  • heating: Central
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.04503, 30.645031
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Palm Island Realty Group, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jenn.amberg@palmislandrealty.com", "ListBrokerageCity":"Tampa", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Palm Island Realty Group, LLC", "ListBrokeragePhone":"8134339006", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"1406 N. Dale Mabry Hwy", "ListBrokerageWebsiteUrl":"http://www.palmislandrealty.com", "ListOfficeAddress1":"1406 N Dale Mabry Hwy Suite 200", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"PG001", "ListOfficeCity":"Tampa", "ListOfficeCountry":"US", "ListOfficeEmail":"panhandleassistant@palmislandrealty.com", "ListOfficePostalCode":"33607", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Milton, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/6665-Magnolia-St_Milton_FL_32570_M58946-49204?f=listhub&s=PARFL&m=687890&c=rexren", "MLSModificationTimestamp":"2026-08-22 21:25:22", "Neighborhoods":[{"Description":null, "Name":"Milton Heights"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"MILTON HEIGHTS LOTS 10, 11, & 12 BLK 11 & WITH THE WEST 25' OF VAC CHERRY ST LYING N OF LEE ST & S OF MAGNOLIA ST ON SIDE OF LOT 12 AS DES IN OR 4434 PG 991", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/22/2026 10:07:10 PM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Jennifer Amberg, Palm Island Realty Group, LLC, jenn.amberg@palmislandrealty.com

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.