UNDER CONTRACT - ACCEPTING BACK UP OFFERS!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 leases totaling $2,200+ a month.Duplex 2: Two 504 sq/ft bungalows, each occupied with leases totaling $2,200+ a month.Duplex 3: Two 400 sq/ft bungalows, each occupied with 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!!!
Room Features
Bedroom11 x 9 First
Bedroom 212 x 8 First
Bedroom 310 x 8 First
Full Bath4 x 8 First
Full Bath 24 x 8 First
Kitchen7 x 10.5 First
Living Room11 x 9 First
Living Room 214 x 11.5 First
Other2 x 4 First
Other 22 x 4 First
Virtual Tours for 22 Bobolink Fort Walton Beach, FL
Lot & Building Features
AppliancesElectric Oven, Refrigerator, Gas Water Heater
StyleDuplex
Construction MaterialsBlock
CoolingWindow Units
Parking FeaturesParking Lot
Lot Dimensions128' Street x 125' East x 151' Rear x 125'' West
22 Bobolink (MLS #766679) is a duplex duplex listing located in Fort Walton Beach, FL.
This duplex listing is 2,816 sqft and on a lot of 17,424 sqft (or 0.40 acres) with 10 bedrooms, 6 baths and is 69 years old. This property was listed on 12/31/2024 and has been priced for sale at $599,000.
Nearby zip codes are 32569. This property neighbors other cities such as Mary Esther.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
