Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1982
Sq.Footage
2,750
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.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric, Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Brick
-
Parking
See Remarks
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.47
-
Lot Size(square feet)
20473.2
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Duplex
Price
-
Sales Price
$575,000
-
Tax Amount
$3,223.8
-
Zoning
County, Resid Multi-Family
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Kenwood
-
Middle School
Pryor
-
High School
Choctawhatchee
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Okaloosa
Elementary School
Kenwood
Middle School
Pryor
High School
Choctawhatchee
Listing Courtesy of Tamela Leann Hayes , Coldwell Banker Realty
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