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$283,000
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Property Description
CASH FLOWING TRIPLEX ACROSS THE STREET FROM THE BEACH! Looking for a fantastic investment opportunity which offers monthly cash flow and flexibility PURCHASE WITH $0 DOWN WITH A VA LOAN & LIVE IN ONE UNIT FOR FREE AS THE OTHER TWO RENTS WOULD COVER YOUR MONTHLY MORTGAGE PAYMENT!! Look no further. EARN AN ESTIMATED $17, 588 TO $32, 204 ANNUAL NET INCOME AFTER EXPENSES OR 11% TO 31% ROI DEPENDING UPON WHETHER YOU FINANCE THE PURCHASE OR PAY CASH. (See attached projected ROI analysis.) This triplex, located directly across the street from the Gulf of Mexico on Okaloosa Island, offers two, 2 bedroom units and one, 1 bedroom unit. Although all 3 units are consistently rented and bring in $27, 000 annual income with positive cash flow, there opportunity to significantly increase this
Full Property Details
Full Property Details for 305 Barracuda Ave #triplex
General
- Sold For: $283,000
- Status: Closed
- Type: Multi-Family
- Source: Emerald_Coast
- MLS ID: 605539
- Added to Site: 4, 541 day(s) ago
Interior
- Interior Features: Breakfast Bar, Floor WW Carpet, Furnished - None
- Appliances: Dishwasher, Stove/Oven Electric
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
- Primary Bedroom: 10 x 10
- Bedroom 1: 10 x 10
Other Rooms
- Living Room: 10 x 10, Level 1
- Kitchen: Level 1
Location
- Area: 12 - Fort Walton Beach
- County: Okaloosa
- Subdivision: Santa Rosa Island
- Building Name: Santa Rosa Island
- Driving Directions: Turn off of Hwy 98 to Okaloosa Island turn right on Blue Fish and the units will be on your right.
School Information
- Elementary School: Elliott Point
- Middle School: Meigs
- High School: Choctawhatchee
Heating & Cooling
- Heating Type: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
Utilities
- Utility Description: Community Sewer, Community Water
Structural Information
- Architectural Style: Triplex
- Construction: Roof Composite Shngl, Siding Brick All
- Stories/Levels: 1
- Stories Description: One Story
- Square Feet: 3,038
- Year Built: 1977
Lot Features
- Zoning: Resid Multi-Family
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Schools
Schools serving 305 Barracuda Ave #triplex
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Elliott Point Elementary School 301 Hughes Street Northeast, Fort Walton Beach, FL 32548 | PK-5 | 1.7 mi |
Max Bruner Junior Middle School 322 Holmes Boulevard Northwest, Fort Walton Beach, FL 32548 | 6-8 | 2.3 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 Barracuda Ave #triplex
Date
Details
Price
Change
Source
3/31/2014
Sold
$283,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
305 Barracuda Avenue #triplex, Fort Walton Beach, FL 32548 (MLS# 605539) is a Multi-Family property that was sold at $283,000 on March 31, 2014. This property was sold by Sandy Sharpe from our Destin / 30A Office.Want to learn more about 305 Barracuda Avenue #triplex? Do you have questions about finding other Multi-Family real estate for sale in Fort Walton Beach? You can browse all Fort Walton Beach real estate or contact a Coldwell Banker agent to request more information.


