14 Cape Drive Nw , #a-j, Fort Walton Beach 32548 (Active)
Listing Information
| Property Type: Commercial Sale |
| MLS #: | 974511 | Price: | $1,900,000.00 | Year Built: | Not available | Square Feet: | 4107 | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | 0.32 acres | Lot Dimensions: | 100X140 |
Subdivision: Not available
Description:
This 10-unit multifamily property offers a strong income stream in one of Fort Walton Beach`s most convenient locations. Each unit features a 1-bedroom, 1-bathroom layout, ideal for long-term tenants or short-term conversion.Located just minutes from major employers, shopping centers, and the beautiful Gulf Coast beaches, this property maintains high occupancy and consistent cash flow.The property is professionally managed and offers low overhead, making it perfect for both hands-off investors or owner-operators. With a current monthly income of $8,975, there is also potential for future rent increases in a growing rental market.
Photos
Features
Sale Type: Real Estate Owned (REO)
Commercial Features
| Income-Producing Annual Gross Income: 106874.29 | Income-Producing Property Type: Multi-Family | Multi-Family Building Square Footage: 4107 | Multi-Family Number of Units: 10 |
| Multi-Family Actual Gross Income: 106874.29 | Multi-Family Expenses: 29518.43 | ||
| Multi-Family Cap Rate: 5 | |||
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This listing provided courtesy of Endless Horizons Realty Inc.
This information was last updated on 4/25/2025 1:03:39 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.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2025. All rights reserved.
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