REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

$ 1,600,000
Est. payment | /mo
2,613 SqFt
$ 1,600,000
Est. payment | /mo
2,613 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,613 sqft
Price per Sqft $612
MLS Listing ID 969018
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 316X160 APPROXIMATELY
Source Emerald Coast Association of REALTORS®
Property Description
Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one.
The seller is offering a stellar financing. Call for details. Subject to credit approval and additional terms.
The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports Current rents range from $900 to $1,300 per month. The fourth building offers six townhouse-style units, each 1,212 sqft with 2 bedrooms and 1.5 baths, renting between $950 and $1,100 monthly presenting a clear opportunity for rental increases and a significant boost to your bottom line.
Located centrally in Shalimar, this property offers unbeatable convenience: just minutes from shopping, dining, and entertainment. Eglin AFB is only 3 miles away, hospitals are within 4 miles, Hurlburt Field is 11 miles, and the stunning Okaloosa Island Boardwalk, with its white sandy beaches and emerald-green waters, is just a short drive.
Call today for more information and to schedule a showing!
The seller is offering a stellar financing. Call for details. Subject to credit approval and additional terms.
The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports Current rents range from $900 to $1,300 per month. The fourth building offers six townhouse-style units, each 1,212 sqft with 2 bedrooms and 1.5 baths, renting between $950 and $1,100 monthly presenting a clear opportunity for rental increases and a significant boost to your bottom line.
Located centrally in Shalimar, this property offers unbeatable convenience: just minutes from shopping, dining, and entertainment. Eglin AFB is only 3 miles away, hospitals are within 4 miles, Hurlburt Field is 11 miles, and the stunning Okaloosa Island Boardwalk, with its white sandy beaches and emerald-green waters, is just a short drive.
Call today for more information and to schedule a showing!
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Zoning SR
Direction FROM SHALIMAR TRN ONTO OLD FERRY ROAD, TURN LEFT ON MEIGS, RIGHT ON 4TH AVE. PROPERTY IS LOCATED ON THE RIGHT.
Exterior
Garage No
Building
Faces FROM SHALIMAR TRN ONTO OLD FERRY ROAD, TURN LEFT ON MEIGS, RIGHT ON 4TH AVE. PROPERTY IS LOCATED ON THE RIGHT.
New Construction No
Others
Pets Allowed No
Tax ID 05-2S-23-1950-0000-0010

Listed by Heather Blatz Keller Williams Realty FWB
GET MORE INFORMATION

Tomell Johnson
REALTOR® | Lic# SL3413882






