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Property view

22 Bobolink Street, 
Fort Walton Beach, FL 32548

$507,000

10

Beds

6

Baths

2,816

Sq Ft

Multi-Family

Sold

Listed by

Garrett S Aune

Bought with NON-MEMBER OFFICE

Beachy Beach Real Estate

MLS#

766679

Source:

FL BCMLS

Sorry, we are unable to map this address

About This Home

22 Bobolink Street

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!!!

Home Facts

Multi-Family

6 Baths

10 Bedrooms

Built in 1956

Price Summary

599,000

$212 per Sq. Ft.

MLS #:

766679

Sold:

March 11, 2025

Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

2,816 Sq. Ft.

Structure

Structure

Architectural Style:

Duplex

Building Area:

2,816 Sq. Ft.

Year Built:

1956

Lot

Lot Size (Sq. Ft):

17,424

Finances & Disclosures

Finances

Price:

$599,000

Price per Sq. Ft:

$212 per Sq. Ft.

Source:FL BCMLS
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