Construction Year: 1997
Address: 7680 US-98, Pensacola, FL 32506
Number Of Units: 224
Lot Size: 24.1 Acres
Cash on Cash: 11%
Crystal Lake is a 224-unit multifamily, a value-add Class B investment located in the Myrtle Grove submarket of Pensacola, Florida. Completed in 1997 and surrounded by a stable blend of public and private sector employment, located just off the bustling Highway US-98, a main east-west traffic artery that connects Tampa to Mobile and sees approximately 5% of the MSA’s population traverse daily. Crystal Lake has high visibility while still retaining the quiet, low-density suburban setting tenants prefer.