$1,190,000
Fort Walton Beach, FL 32548
MLS# 947859
1 / 40
Property Description
Check out this rare opportunity in Fort Walton Beach to own an 8 unit multi-family property just under one mile from the coast penciling at a 12% cap rate. Seaside Escapes features 8 separate studio & 1 BR units each themed, furnished, and marketed as Short Term Rentals. Each cozy cottage features a living area, queen bed, closet, kitchenette, full bath & a dedicated workspace. The property was recently renovated in 2021. Renovations include new roof, electrical, HVAC, plumbing, windows, doors, trim, flooring, and all new furnishings. This place has everything you need to start your journey as a short-term rental owner or would make a great addition to an existing portfolio. Property is centrally located only a few blocks from downtown, minutes to the Gulf of Mexico & near Eglin AFB.
Details
None
Current Price: $1,190,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30871623
List Date: 2024-04-09
List Price: $1,190,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 12 - Fort Walton Beach
Street #: 8
Street Direction: NE
Street Name: Gipson
Street Suffix: Place
State: FL
Zip Code: 32548
County: Okaloosa
Sub Area: 1202 - East Fort Walton Beach
Parcel ID: 13-2S-24-2030-0002-00I0
Property Name: Seaside Escapes
Legal Description: PINEGROVE S/D E 100FT OF LOT I BLK 2
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Acreage: 0.11
Lot SqFt: 5000
Lot Frontage: 50
Lot Depth: 100
Zoning: COMM GEN
Future Land Use: COMM
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Check out this rare opportunity in Fort Walton Beach to own an 8 unit multi-family property just under one mile from the coast penciling at a 12% cap rate. Seaside Escapes features 8 separate studio & 1 BR units each themed, furnished, and marketed as Short Term Rentals. Each cozy cottage features a living area, queen bed, closet, kitchenette, full bath & a dedicated workspace. The property was recently renovated in 2021. Renovations include new roof, electrical, HVAC, plumbing, windows, doors, trim, flooring, and all new furnishings. This place has everything you need to start your journey as a short-term rental owner or would make a great addition to an existing portfolio. Property is centrally located only a few blocks from downtown, minutes to the Gulf of Mexico & near Eglin AFB.
Office/Member Info
Cooperative Comp: 2.5
Cooperative Comp Type: %
Income Producing
Year Built: 1948
Building SqFt: 3525
Property Type: Other (See Remarks)
Property Features
Class: Income Producing
Construction Status: Existing
Listing Office: Anchor Realty Florida
Last Updated: April - 20 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Sunday 5th of May 2024 08:35 PM
