PROPERTY DETAILS

Construction Year: 1997

Address: 7680 US-98, Pensacola, FL 32506

Number Of Units: 224

Lot Size:  24.1 Acres

Cash on Cash:  11%

Property Overview

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.