Fort Walton Beach, FL 32548
Property Inquiry
Contact Garrett Aune about this property!
Property Details
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!!!
| COUNTY | Okaloosa |
| SUBDIVISION | NORTH HILL GARDENS |
| PARCEL ID | 13-2S-24-1772-0000-0020 |
| TYPE | Attached Single Unit |
| STYLE | Duplex |
| ACREAGE | 0 |
| LOT ACCESS | City Road,Paved Road |
| LOT SIZE | 128' Street x 125' East x 151' Rear x 125' West |
| HOA INCLUDE | N/A |
| HOA FEE | N/A |
| UTILITIES | Electric,Public Sewer,Public Water,TV Cable |
| PROJECT FACILITIES | N/A |
| ZONING | Resid Multi-Family |
| PARKING FEATURES | N/A |
| APPLIANCES | Refrigerator,Stove/Oven Electric |
| ENERGY | AC - Window/Wall,Ceiling Fans,Heat - Wall/Window |
| INTERIOR | Floor Laminate,Floor Tile |
| EXTERIOR | N/A |
| ROOM DIMENSIONS | Living Room : 11 x 9 Kitchen : 7 x 10.5 Bedroom : 11 x 9 Full Bathroom : 4 x 8 Other : 2 x 4 Living Room : 14 x 11.5 Bedroom : 12 x 8 Bedroom : 10 x 8 Full Bathroom : 4 x 8 Other : 2 x 4 Other : 2 x 4 Courtyard : 125 x 150 |
Schools
Location & Map
Traveling North on Eglin Pkwy (85), turn left onto McGriff Street. In about 2 blocks, turn right onto Harbeson Ave. In one block, turn left onto Bobolink Street. The 3 Duplex's will be on your left hand side just a few doors down!