305 Barracuda Avenue, Fort Walton Beach, FL 32548 (MLS# 875543)

305 Barracuda Avenue, Fort Walton Beach, FL 32548

$775,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 14,375 Status: Sold

Current Price: $829,000 List Date: 6/29/2021 Last Modified: 10/13/2024

Description

TRIPLEX ACROSS THE STREET FROM THE BEACH! Looking for a fantastic investment opportunity which offers monthly cash flow and flexibility? PURCHASE WITH $0 DOWN WITH A VA LOAN & LIVE IN ONE UNIT PAYMENT!! Zoned R1 for up to 9 units. Currently all three units are rented. Large lot with no hoa on Okaloosa Island with development opportunity close to public beach accesses. There are 2 - two bedroom units and 1 - one bedroom unit. metal roof installed in 2018. A total of three hvac units ages 8 years, 10 years, 6 years. There has been remodeling done in the units - Room for parking for 10 to 12 vehicles. (2 spots assigned for unit c) Gross rent is $3500/month or $42,000 annually. Property is zoned B2- Apartment, Hotel - short term rentals allowed

More Information MLS# 875543

None

Current Price: $775,000

Status Change Info

Status: Sold Under Contract Date: 2021-03-22 Sold Date: 2021-04-22 Sold Price: $775,000

Contract Info

GCCMLS Number: 12345 List Date: 2021-03-07 List Price: $829,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 305 Street Name: Barracuda Street Suffix: Avenue State: FL Zip Code: 32548 County: Okaloosa Parcel ID: 00-2S-24-2185-0003-0490

General Property Info

Listed on GCCMLS: No Property Information: TRIPLEX ACROSS THE STREET FROM THE BEACH! Looking for a fantastic investment opportunity which offers monthly cash flow and flexibility? PURCHASE WITH $0 DOWN WITH A VA LOAN & LIVE IN ONE UNIT PAYMENT!! Zoned R1 for up to 9 units. Currently all three units are rented. Large lot with no hoa on Okaloosa Island with development opportunity close to public beach accesses. There are 2 - two bedroom units and 1 - one bedroom unit. metal roof installed in 2018. A total of three hvac units ages 8 years, Vacant: No Immediate Occupancy: No Acreage: 0.33 Zoning: 0300

Income Producing

Property Type: Multi-Family

Land

Property Type: Commercial

Multi-Family

Year Built: 1970 # of Units: 3

Lot Features

Coastal Barrier Zone: No

Property Features

Class: Income Producing; Land; Multi-Family Construction Status: Existing

Listing Office: Coldwell Banker Realty

Last Updated: October - 13 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.