Property Details

Property Details

Investor Dream!! Income Producing Duplex with 2 separate units with 6 bedrooms and 6 bathrooms total. Both units have renters in them so it is an instant money maker totaling $4,550 monthly income. No HOA! One unit has 4 bedrooms with 4 bathrooms with an open concept floor plan currently renting for $2,950 monthly. It was completely remodeled in 2019 with a gorgeous kitchen featuring soft close cabinets by Kraftsmaid with ample storage, an induction cooktop, vent hood, granite countertops, stainless steel appliances, large island with plenty of storage, and built-in double ovens for those cooking enthusiasts. Some additional updates were the waterproofing of the concrete cinder block, firewall between units installed, new insulation, drywall, framing, electrical, plumbing, new 80 gallon commerical size hot water heater and mini split HVAC system that features 6 splits which allows each room to be set to their preferred temperature. Each bedroom has its own bathroom with a walk in shower, and then one bathroom has a tub and shower combo. There is even a murphy bed in one of the larger bedrooms. Enjoy the oversized laundry room for a pantry and additional storage space. The Buyer could always choose to live in the larger unit and rent out the smaller unit or vice versa. This property offers so many unique opportunities.

The 2 bedroom 2 bathroom unit sits at the front of the duplex closest to the road, and it rents for $1,600 monthly. It was remodeled in January of 2020 with new copper wiring, new HVAC, new hot water heater, LVP flooring, and a new dishwasher in 2022. The kitchen does have stainless steel appliances and granite countertops. The master bedroom has a private bathroom with a walk-in shower, and the guest bathroom has a tub and shower combo. There is a laundry area with a full size washer and dryer located in the hallway to the kitchen.

The duplex had a new TPO (thermoplastic polyolefin 60 Mil) roof replaced in 2019 along with other improvements including underground electrical, building stucco was repaired and freshly painted with elastomeric paint for extra waterproofing. There is a fenced in backyard and additional storage unit on the property.

This property is located in the heart of Destin and within close proximity to multiple restaurants including Boshamps, Marina Cafe, and Harbor Docks. It is also close to the Harborwalk, Big Kahunas Water Park, Crab Island and most importantly the beautiful sandy white beaches that Destin is famous for. It's all within minutes to this location.

The active leases are up for renewal in January 2025 for the 4 bed/4 bath unit and April 2025 for the 2 bed/2 bath unit. Both renters are wanting to renew their lease if the new buyers choose to and may increase the rent at that time. Buyer should do due diligence in verifying all dimensions and anything else of importance.