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!!!
Sold for $507,000
$507,000
22 Bobolink St, Fort Walton Beach, FL 32548
10beds
2,816sqft
Duplex, Multi Family
Built in 1956
-- sqft lot
$504,700 Zestimate®
$180/sqft
$2,124 Estimated rent
Home value
$504,700
$454,000 - $560,000
$2,124/mo
Zestimate® history
Owner options
List your home for rent
$2,124/mo
Rent Zestimate®
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$2,124/mo
Rent Zestimate®
Refinance and save
$3,219/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,219/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Garrett S Aune 850-588-8908,
Beachy Beach Real Estate
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 766679
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Rooms
- Room types: Bedroom, Full Bath, Kitchen, Living Room, Other
Bedroom
- Description: 1 Bedroom Units
- Level: First
- Dimensions: 11 x 9
Bedroom
- Description: 2 Bedroom Units
- Level: First
- Dimensions: 12 x 8
Bedroom
- Description: 2 Bedroom Units
- Level: First
- Dimensions: 10 x 8
Other
- Description: 1 Bedroom Units
- Level: First
- Dimensions: 4 x 8
Other
- Description: 2 Bedroom Units
- Level: First
- Dimensions: 4 x 8
Kitchen
- Description: 1 Bedroom Units
- Level: First
- Dimensions: 7 x 10.5
Living room
- Description: 1 Bedroom Units
- Level: First
- Dimensions: 11 x 9
Living room
- Description: 2 Bedroom Units (Kitchen/Living Combo)
- Level: First
- Dimensions: 14 x 11.5
Other
- Description: 1 Bedroom Units (Closet)
- Level: First
- Dimensions: 2 x 4
Other
- Description: 2 Bedroom Units (Closet)
- Level: First
- Dimensions: 2 x 4
Cooling
- Window Unit(s)
Appliances
- Included: Electric Oven, Gas Water Heater
Interior area
- Total structure area: 2,816
- Total interior livable area: 2,816 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Fencing: Partial
Lot
- Size: 0.4 Acres
- Dimensions: 128' Street x 125' East x 151' Rear x 125'' West
- Features: Paved
Details
- Additional structures: Outbuilding
- Parcel number: 132S24177200000020
- On leased land: Yes
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
- Roof: Other
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Phone Connected
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $180/sqft
- Date on market: 12/31/2024
- Cumulative days on market: 13 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2025 | Sold | $507,000-15.4%$180/sqft |
Source:  CPAR #766679 Report a problem | ||
| 1/13/2025 | Contingent | $599,000$213/sqft |
Source: CPAR #766679 Report a problem | ||
| 12/31/2024 | Listed for sale | $599,000$213/sqft |
Source: CPAR #766679 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32548
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Nearby schools
GreatSchools rating
- 5/10Elliott Point Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Clifford Meigs Middle SchoolGrades: 6-8Distance: 2.8 mi
- 4/10Choctawhatchee Senior High SchoolGrades: 9-12Distance: 2.6 mi
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$504,700
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$514,794
- Florida
- Okaloosa County
- Fort Walton Beach
- 32548
- 22 Bobolink St
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