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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
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  4. 22 Bobolink Street, Fort Walton Beach, FL 32548
22 Bobolink Street, Fort Walton Beach, FL 32548
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22 Bobolink Street
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  • MLS#: 766679 ( Residential )
  • Street Address: 22 Bobolink Street
  • Viewed: 31
  • Price: $599,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Bedrooms: 10
  • Total Baths: 6
  • Full Baths: 6
  • Days On Market: 54
  • Additional Information
  • Geolocation: 30.4149 / -86.6105
  • County: OKALOOSA
  • City: Fort Walton Beach
  • Zipcode: 32548
  • Subdivision: No Named Subdivision
  • Provided by: Beachy Beach Real Estate
  • DMCA Notice
  • Description
    UNDER CONTRACT ACCEPTING BACK UP OFFERS!INVESTOR'S DREAM!!!Unbelievable Cash Flow opportunity in one of the most desirable locations in Fort Walton Beach!These 6 Beach Bungalows are the ''Unicorn'' opportunity that everyone dreams about.Rare oversized .4 acre lot that can be subdivided, or an additional duplex can be added increasing value exponentially!Duplex 1: Two 504 sq/ft bungalows, each occupied with leases totaling $2,200+ a month.Duplex 2: Two 504 sq/ft bungalows, each occupied with leases totaling $2,200+ a month.Duplex 3: Two 400 sq/ft bungalows, each occupied with leases totaling $2,200+ a month. All this, and less than 2 minutes to Uptown Station, and 1.5 miles to the Sugar White Sands of the Gulf.Over $79k annually in rentals. Blink and you'll miss it!The numbers say it all... Nearly 8% annual return on investment (13% including appreciation), and an incredible CAP rate of over 8.5% in an area that has averaged right at 6% all year. The owner lives out of state and can no longer manage this incredible property, so their loss is your gain!!!
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Property Location and Similar Properties
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Similar
Features
Possible Terms
  1. Cash
  2. Other
Appliances
  1. ElectricOven
  2. GasWaterHeater
  3. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Contingency
  1. Under Contract - Taking Backups
Cooling
  1. WindowUnits
Covered Spaces
  1. 0.00
Fencing
  1. Partial
Furnished
  1. Unfurnished
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. NORTH HILL GARDENS 1ST ADD REPLAT IN BLK 12
Living Area
  1. 2816.00
Area Major
  1. 17 - Okaloosa
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Outbuilding
Parcel Number
  1. 13-2S-24-1772-0000-0020
Parking Features
  1. ParkingLot
Pet Deposit
  1. 0.00
Property Type
  1. Residential
Road Frontage Type
  1. CityStreet
Security Deposit
  1. 0.00
Style
  1. Duplex
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. CableConnected
  2. TrashCollection
Views
  1. 31
Virtual Tour Url
  1. https://my.matterport.com/show/?m=XF3Mf1bXMPq&brand=0&mls=1&
Year Built
  1. 1956
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177