22 NE Bobolink Street, Fort Walton Beach FL 32548

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$599,000

22 NE Bobolink Street, Fort Walton Beach, FL 32548

bedrooms

bathrooms

square feet

2,816

Acreage

0.4

Open Houses

year built

1956

Full Baths

Half Baths

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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!!!

Location
Subdivision	North Hill Gardens
County	Okaloosa
Elementary School	Elliott Point
Middle School	Meigs
High School	Choctawhatchee

Driving directions

Open houses

None scheduled.

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MLS number: 964673

Listing agent: Garrett S Aune

Listing broker: Beachy Beach Real Estate (850) 527-5651

Copyright © 2024 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, December 16 2024 at 5:25 p.m. EST

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