Attached one-car garageDedicated parkingCovered back patiosPrivate irrigation wellFour single-story duplexesLarge screened porchEnhanced street lighting
Investment Opportunity - Fully Occupied. Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment.
Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership.
This portfolio includes two parcels (816 & 818 Lark St - see MLS #976432) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1 bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality.
Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping.
Conveniently located just 2 minutes from Eglin AFB and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities--making it highly attractive to both military and civilian tenants.
Both parcels are offered together. The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term.
This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.
430 days
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224
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14
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Zillow last checked:
Listing updated:
Listed by:
Tamela Leann Hayes850-259-6404,
Coldwell Banker Realty,
Amanda L Reaves,
Coldwell Banker Realty
Source: ECAOR,MLS#: 976434
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 100 Square Feet
Dimensions: 10 x 10
Bathroom
Level: First
Area: 35 Square Feet
Dimensions: 7 x 5
Dining room
Description: Dining/Kitchen Combo
Level: First
Area: 110 Square Feet
Dimensions: 11 x 10
Living room
Level: First
Area: 182 Square Feet
Dimensions: 14 x 13
Heating
Central
Cooling
Central Air, Window Unit(s)
Appliances
Included: Range Hood, Refrigerator, Electric Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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