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Angee Kent

angeekent@bringingsmileshome.com +1(850) 943-2566

Listed by Tamela Hayes • Coldwell Banker Realty

$ 575,000

Est. payment | -/mo

9 Beds

6 Baths

22,233 SqFt

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$ 575,000

Est. payment | -/mo

Save

9 Beds

6 Baths

22,233 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 22,233 sqft

Price per Sqft $25

Subdivision Forest Heights

MLS Listing ID 666662

Bedrooms 9

Full Baths 6

HOA Y/N No

Year Built 1982

Property Sub-Type Apartment

Source Pensacola MLS

Property Description

Investment Opportunity - Fully Occupied. Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment. Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership. This portfolio includes two parcels (816 & 818 Lark St - see MLS #976432) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1 bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality. Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping. Conveniently located just 2 minutes from Eglin AFB and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities--making it highly attractive to both military and civilian tenants. Both parcels are offered together. The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term. This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.

Location

State FL

County Okaloosa

Zoning County,Res Multi

Rooms

Other Rooms Yard Building

Interior

Heating Central

Cooling Central Air

Flooring Tile, Carpet

Appliance Electric Water Heater, Refrigerator

Exterior

Parking Features Garage, 2 Space/Unit, Assigned, Parking Lot

Garage Spaces 1.0

Pool None

View Y/N No

Roof Type Composition

Total Parking Spaces 1

Garage Yes

Building

Lot Description Central Access

Faces From Mary Esther Blvd, Turn left onto N Beal Pkwy, Turn left onto Forest Heights Rd., Turn left onto Lark St. Go for 154 ft to 818 Lark St

Story 1

Water Public

Structure Type Brick,Frame

New Construction No

Others

Tax ID 261S24095000030050

Schools and Properties Nearby

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+1(850) 943-2566

angeekent@bringingsmileshome.com

818 Lark St, Fo Lark Ave Ft Walton Beach, FL 32547

Angee Kent

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Schools and Properties Nearby

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818 Lark St, Fo Lark Ave