322 Green Acres Road, Fort Walton Beach, FL 32547

$625,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 29,621 Status: Active
Current Price: $625,000 List Date: 4/15/2026 Last Modified: 5/26/2026

Description

INVESTMENT DREAM WITH MAXIMUM FLEXIBILITY! Also great revelopment parcel, medical etc.Four homes on .68 acres. One 2160sf brick home (3BR, 2BA, with double carport and HVAC system in good working order); one 896sf cedar home (2BR, 2BA, with carport); two clean 784sf mobile homes (2BR, 2BA, with 2-car parking for each, and one with a HVAC system good working order); a 475sf fenced-in workshop/storage area that is usable by owner or rentable. All homes have w/d hookups, and serviced by a central lawn pump. Property suitable for investment, residential and/or commercial applications, zoning compliments commercial use. Current gross income $63k annually

Supplements: Exceptional multi-unit investment opportunity featuring four income-producing residences on one property at 322-324B Green Acres Rd. This well-maintained portfolio offers a diverse unit mix with stable tenancy and strong rental history, making it ideal for investors seeking immediate cash flow. The primary residence at 322 Green Acres Rd. is a 1973 brick home offering 3,636 total square feet (2,167 heated), with 3 bedrooms and 2 baths. This all-electric home features vinyl plank flooring throughout, a functional layout with a dedicated laundry room, fireplace, and a screened back porch. Exterior amenities include a double carport and a large fenced shed (reserved for landlord use). The asphalt roof was replaced in December 2019, and the HVAC system is in good working order. Currently leased at $1,750/month plus $25/month Resident Benefit Package (RBP), with lease renewal scheduled for May 2026. At 324 Green Acres Rd., a charming 1988 solid cedar plank home offers 1,392 total square feet (896 heated), with 2 bedrooms and 2 baths. This all-electric residence includes vinyl plank flooring, a metal roof, single carport, additional parking space, and a rear deck accessible from the back door. The unit also features a laundry area and a well-maintained HVAC system. Currently rented at $1,550/month plus $25/month RBP, with lease renewal due May 2026. The 324A Green Acres Rd. unit is a 1985 mobile home offering 880 total square feet (784 heated), with 2 bedrooms and 2 baths. This property underwent extensive renovations in 2024, including a new shingled roof, updated sheetrock, vinyl flooring, cabinetry, paint, trim, tubs, showers, fixtures, appliances, and electrical systems. The unit is all-electric and includes a covered front deck and two parking spaces. Currently leased at $1,150/month, with renewal through December 31, 2026, and a planned rent increase to $1,200+. Finally, 324B Green Acres Rd. is a 1985 2-bedroom, 2-bath mobile home (880 total square feet, 784 heated) featuring an enclosed front deck and two parking spaces. This unit is all-electric with a gas stove and is occupied by a long-term tenant of over 25 years, currently paying $800/month on a month-to-month basis, with a planned increase to $850/month effective June 2026. HVAC system is in good working order. All units are separately rented, providing multiple income streams with upside potential through future rent adjustments and property enhancements. Strong occupancy history, recent upgrades, and dependable tenants make this a compelling addition to any investment portfolio. *Flyer is available please let us know if you would like additional information emailed to you!*

More Information MLS# 1000696

Contract Info

GCCMLS Number: 44707825 Listing Board: Emerald Coast List Date: 2026-04-15 List Price: $625,000

Location, Tax and Legal

Sub Area: 1207 - Wright Legal Description: Beg 673 Ft W & 90 Ft S Of Ne Cor Of Nw 1/4 Of Sw1/4 W150 Ft S200 Ft E150 Ft N200 Ft To Beg Or 406-67

General Property Info

Vacant: No Immediate Occupancy: No Acreage: 0.68

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: INVESTMENT DREAM WITH MAXIMUM FLEXIBILITY! Also great revelopment parcel, medical etc.Four homes on .68 acres. One 2160sf brick home (3BR, 2BA, with double carport and HVAC system in good working order); one 896sf cedar home (2BR, 2BA, with carport); two clean 784sf mobile homes (2BR, 2BA, with 2-car parking for each, and one with a HVAC system good working order); a 475sf fenced-in workshop/storage area that is usable by owner or rentable. All homes have w/d hookups, and serviced by a central lawn pump. Property suitable for investment, residential and/or commercial applications, zoning compliments commercial use. Current gross income $63k annually

Class

Income Producing: 1 Land: 1 Multi-Family: 1 Office: 1

Construction Status

Existing: 1

Land

Property Type: Commercial

Office

# of Units: 1

Income Producing

Property Type: Multi-Family

Multi-Family

Year Built: 1973 # of Units: 4

None

Current Price: $625,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 322 Street Name: Green Acres Street Suffix: Road State: FL Zip Code: 32547 County: Okaloosa Parcel ID: 34-1S-24-0000-0113-0000

Property Features

Class: Income Producing; Land; Multi-Family; Office Construction Status: Existing
Listing Office: NBI Properties Inc
Last Updated: May - 26 - 2026
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