22 Bobolink Street, Fort Walton Beach, FL 32548

Property 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!!!