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Property
Beds
10
Full Baths
10
1/2 Baths
None
Year Built
1956
Sq.Footage
2,816
INVESTOR'S DREAM!!!Unbelievable Cash Flow opportunity in one of the most desirable locations in Fort Walton Beach!These 6 Beach Bungalows are the ''Unicorn'' opportunity that everyone dreams about.Rare oversized .4 acre lot that can be subdivided, or an additional duplex can be added - increasing value exponentially!Duplex 1: Two 504 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month.Duplex 2: Two 504 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month.Duplex 3: Two 400 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month. All this, and less than 2 minutes to Uptown Station, and 1.5 miles to the Sugar White Sands of the Gulf.Over $79k annually in rentals. Blink and you'll miss it! The numbers say it all... Nearly 8% annual return on investment (13% including appreciation), and an incredible CAP rate of over 8.5% in an area that has averaged right at 6% all year. The owner lives out of state and can no longer manage this incredible property, so their loss is your gain!!!
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
10
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.4
-
Property Type
Residential
-
Architectural Style
Duplex
Exterior
-
Garage
No
-
Construction Materials
Block
Financial
-
Sales Price
$599,000
-
Zoning
Resid Multi-Family
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Location
County
Okaloosa
Elementary School
Elliott Point
Middle School
Meigs
High School
Choctawhatchee
Listing Courtesy of Garrett S Aune , Beachy Beach Real Estate
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Licensed Realtor
KristiLindgren
Call Kristi today to schedule a private showing.
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