Search Results -> 8 Gipson Place Ne, Fort Walton Beach

8 Gipson Place Ne, Fort Walton Beach 32548 (Active)

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Listing Information

Property Type: Commercial Sale

MLS #:	910136	Price:	$1,299,000.00	Year Built:	1985
Square Feet:	3525	Bedrooms:	Not available	Bathrooms:	Not available
HOA Fees:	Not available	Lot Size:	0.11 acres	Lot Dimensions:	50X100

Subdivision: Not available

Description:

We are pleased to present the exclusive opportunity to acquire Seaside Escape, a multi-family building comprised of 8 fully furnished units located minutes from the beach in Fort Walton Beach Florida. This coastal-designed beauty is comprised of 7 efficiency units and a single one-bedroom unit currently on the rise as one of the area`s most popular short-term rental complexes. In September of 2022 Seaside Escape was revealed after an extensive renovation unveiling over 3,500 square feet of brand new electrical, plumbing, windows, roof, doors, trim, appliances, HVAC(s), water heater(s), kitchens, luxury vinyl plank floors, interior & exterior paint and alluring landscaping. Take that capex rate down to the minimum! The current owners of Seaside Escape have a projected gross income of just

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Features

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Commercial Features

Income-Producing Year Built: 1985	Income-Producing Building Square Footage: 3525
Income-Producing Annual Gross Income: 242000	Income-Producing Net Operating Income: 112000	Income-Producing Cap Rate: 8
Income-Producing Property Type: Multi-Family	Multi-Family Year Built: 1985	Multi-Family Building Square Footage: 3525	Multi-Family Number of Units: 8
Multi-Family Gross Rent Multiplier: 3
Multi-Family Net Operating Income: 112000	Multi-Family Cap Rate: 8

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This listing provided courtesy of EXP Realty LLC.
This information was last updated on 2/17/2023 12:37:04 AM.

All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
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