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1 Bayou Drive

Fort Walton Beach, FL 32547
  • $1,579,000
  • STATUS: Active
  • ON SITE: 113 days
  • MLS #: 865070
UPDATED: 134 min ago
$1,579,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Very Rare, 6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. Current owners operating as individual large, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that desires the style of 1 Bayou over a hotel. Individual units are also available to vacation renters who want to be on the water. Small boats with low draft like pontoons or bay boats are able to access the canal. combined the units currently bring in 15K + per month in gross rent, with expectations higher in summer season. Annual Gross income is approximately 190K and expenses as currently operated with owner managing are close to 39K per year.

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© 2021 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX by the Sea. Data last updated: 2021-06-14T23:59:44.99.
www.coastalsandsproperties.com/homes/114398872
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1 Bayou Drive Fort Walton Beach, FL 32547

  • Price: $1,579,000
  • Status: Active
  • Updated: 134 min ago
  • MLS #: 865070
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Fort Walton Beach
County:
Okaloosa
Area:
Fort Walton Beach
Property Description
Very Rare, 6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. Current owners operating as individual large, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that desires the style of 1 Bayou over a hotel. Individual units are also available to vacation renters who want to be on the water. Small boats with low draft like pontoons or bay boats are able to access the canal. combined the units currently bring in 15K + per month in gross rent, with expectations higher in summer season. Annual Gross income is approximately 190K and expenses as currently operated with owner managing are close to 39K per year.
Exterior Features

Waterfront Bayou Waterfront Feet 186

Interior Features

Income Producing Property Type Multi-Family

Property Features

As Is Yes Immediate Occupancy No Listing Board Emerald Coast Vacant No

Listing courtesy of A List Beach Realty Llc.


© 2021 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX by the Sea. Data last updated: 2021-06-14T23:59:44.99.
 
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RE/MAX by the Sea
2395 W. Hwy 30A W
Santa Rosa Beach FL, 32549