(RLNE1831445) FOUR HOMES on .68 acres for ONE LOW PRICE—$399K!!! Zestimate is based on amenities associated with FOUR SEPARATE HOMES on this property. ADDITIONALLY, this uniquely flexible real estate is suitable for rental income, homesteading OR commercial applications. It is centrally located across the street from the new Magnolia Family Medical Clinic and Fresenius Kidney Care Center on Green Acres Rd. in Fort Walton Beach, FL, between Beal Pkwy and NW Florida State College. The FOUR HOMES on this property are as follows: 1) 322 Green Acres Rd.: A 2164sf ranch-style brick home with 3BR, 2BA, fireplace, double carport, enclosed porch and recent HVAC system. This home is currently rented at $1500/mo. (active military discount rate); 2) 324 Green Acres Rd.: A 896sf quaint country cottage with 2BR, 2BA, carport, covered porch and metal roof. This lapboard cedar home was recently refurbished and is now rented for $950/mo. (active military discount rate); 3) Two clean 784sf mobile homes that are both 2BR, 2BA with covered porches, metal roofs and 2 parking spaces for each. 324A Green Acres Rd. has a permanent shed and is now rented for $700/mo. 324B Green Acres Rd.: has an enclosed porch and is now rented for $665/mo. Other AMENITIES include: 1) Washer/dryer hookups in all four residences; 2) A central lawn pump that services all four homes; 3) A 475sf workshop with storage sheds; and, 4) A fenced in work yard that can be utilized by the new owner or rented out for car, trailer or boat storage. This property is being offered as is and without owner financing or lease-to-buy options. Serious investors are invited to contact the owner, Richard Ellis, at 850-496-7012 to learn more and to arrange a showing. A complete showing will require a pre-qualification letter from a bank, credit union or other accredited financial institution certifying an investor’s access to the necessary funds. An earnest money deposit of 1% must accompany any written offer. IMPORTANT NOTE: As of this writing Zillow assesses the combined value of the brick home (322 Green Acres Rd.) and cedar home (324 Green Acres Rd.) listed separately at well over $500K. Add to this 1) The value of annual rental income from all four homes; 2) Other important amenities like lawn pump and workshop; and, 3) Property use flexibility. The result is a highly desirable investment (appreciating property with four incomes) or homestead (primary residence with three rentals) opportunity!
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