USAFLFort Walton BeachForest Heights5-6-7-8-816 Lark St

5-6-7-8-816 Lark St, Fo Lark St, Fort Walton Beach, FL

Name: 5-6-7-8 - 816 Lark St, Fo Lark St, For Sale in Fort Walton Beach - Zoocasa
Brand: coldwell banker realty
SKU: 666663
Price: 695000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$695,000

000

MLS® 666663

Overview

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage No

Maintenance Fees

Taxes

Days Active 397

Approx. Age 1982

MLS® Number 666663

Property Address: 5-6-7-8-816 Lark St, Fo Lark St, Fort Walton Beach, FL, 32547-5203

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity - 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 #976434) 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 Air Force Base 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.

MLS® Number666663

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1982

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/C

Extras

Map

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