JUST REDUCED...BRING OFFERS! This BEAUTIFUL, WATER-FRONT site is just under one (1) acre. Multi-Family (16 unit complex) with 1 commercial structure. Complex needs complete rehab. When fully rented, gross monthly income of $8000+ once units have been remodeled. The property has an existing BEACH AREA, an existing SEA WALL, and a DOCK that can be restored. This is a highly desirable area for long-term rentals close to Hurlburt Field in Okaloosa County near Fort Walton Beach, FL. Property could also be cleared for development at 16 units/acre for Multi-Family or 6 units/acre for Single-Family Residence. Conceptuals available upon request.
From Ft. Walton Beach, go west on US Hwy 98 W past Hurlburt Field in Mary Esther. The property is another 1.5 miles on the left directly across the street from Sunrise Marina.
Tax Data (Show Tax Data)
Loading Tax Data
Other Land for Sale in Okaloosa County
NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.