8
See all 8 photos
$1,600,000
Est. payment /mo
12,147 SqFt
New
40 4Th Avenue Shalimar, FL 32579
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UPDATED:
02/20/2025 09:42 PM
Key Details
Property Type Single Family Home, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,147 sqft
Price per Sqft $131
MLS Listing ID 969018
Year Built 1996
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one. The seller is offering a stellar financing package: 40% down at 6.5% interest for 36 months. Enjoy no payments for the first 3 months and interest-only payments for the following 9 months, giving you the perfect window to build reserves and optimize early cash flow. Subject to credit approval and additional terms.The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Zoning SR
Listed by Keller Williams Realty FWB