8 Gipson Pl, Fort Walton Beach, FL
Multi-Family
for Sale
| Catylist Listing ID: |
30871623 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
3,132 SF |
| Gross Building Area: |
3,525 SF |
| Gross Land Area: |
0.11 Acres
|
| Sale Price: |
$1,190,000 |
| Unit Price: |
$148,750 Per Unit |
| Property Use Type: |
Investment, Business |
| Building Name: |
Seaside Escape |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/19/2024 |
Overview / Comments
|
Check out this rare opportunity in Ft. Walton Beach to own an 8 unit multi-family property penciling currently at a strong 12% cap rate, just under one mile from the coast. Seaside Escape comprises 8 individual units, each fully furnished for short-term rental guests with a strong PNL and . The property was recently renovated in 2022 including new roof, electrical, HVAC, plumbing, windows, doors, trim, flooring, and all new furnishings. This place has everything you need to start your journey as a short-term rental owner or would make a great addition to an existing portfolio. Each unit is set up as a 1 BR / 1 BA efficiency with a living area, queen bed, closet, kitchenette and bathroom & a dedicated workspace. Property is centrally located only a few blocks from downtown, minutes to the Gulf of Mexico, and in close proximity to local attractions like Gulfarium Marine Adventure Park, and Okaloosa Island Pier. Close to Eglin AFB and in the heart of the fast growing Emerald Coast, this opportunity to own a turn-key rental is a must see!
|
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
13-2S-24-2030-0002-00I0 |
| Property Located Between: |
North of Hwy 98 & SE of Hwy 189 |
| Highway Access: |
5 blocks north of Hwy 98 |
| Airports: |
VPS or ECP |
| Site Description: |
8 unit 1 BR / 1 BA complex with on-site parking and shared laundry. |
| Area Description: |
7 minutes to beach, within walking distance to restaurants, close to Okaloosa Island, Downtown FWB, Eglin AFB, and the Bay yet outside of the tourist trap and hustle. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
1 |
| Year Built: |
1948 |
| Year Renovated: |
2022 |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Parking Description: |
On site in front of building |
| Total Parking Spaces: |
9 |
| Laundry: |
Shared |
| Fuel: |
Electric |
| Internet Access: |
Cable, Fiber Optic |
| Zoning Description: |
COMM GEN |
| Lot Frontage: |
50 |
| Lot Depth: |
100 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
PINEGROVE S/D E 100FT OF LOT I BLK 2 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,075 |
50,041 |
65,566 |
| Median Age: |
41.9 |
39.29 |
39.06 |
| Households: |
4,032 |
21,914 |
28,011 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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