Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1980
Sq.Footage
3,180
Welcome to 131 Bayou View Drive, a beautifully updated four-unit investment property in the heart of Fort Walton Beach. This two-building duplex offers four spacious 2-bedroom, 1-bath units, three already remodeled with vinyl or tile flooring, fresh paint, new cabinets, updated doors and fixtures, and more. Each unit also has its own private fenced yard and in-unit laundry hookups, giving tenants the space, privacy, and convenience they want. This property has been well maintained and updated over the years. The roof was replaced in 2017, all four water heaters were replaced in 2022, and the AC systems have been updated between 2018 and 2021, so buyers can expect minimal near-term capital expense. Separate utility meters mean tenants pay their own utilities, keeping owner costs low, and a termite bond is already in place for added peace of mind. The property is fully occupied, providing an investor with strong current rental income from day one. Beyond the four units, a bonus storage building on site adds even more income potential, with room to add rentable storage space beyond what is currently rented. With updated systems and low ongoing maintenance needs, this is a true turnkey opportunity for an investor looking for built-in upside, or for anyone drawn to the charm and privacy of updated units just minutes from the beach. Located in one of the Panhandle's most in-demand rental markets, close to shopping, dining, and the beach. Schedule your showing today.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco, Wood Siding
-
Other Exterior Features
Private Yard
-
Patio and Porch Features
Patio, Covered
-
Pool
No
Area & Lot
-
Lot Features
Interior Lot
-
Property Type
Residential
-
Property Sub Type
Quadruplex
-
Architectural Style
Fourplex
Price
-
Sales Price
$699,900
-
Tax Amount
$4,574.15
-
Zoning
Resid Multi-Family
-
Sq. Footage
3,180
-
Price/SqFt
$220
HOA
-
Association
No
School District
-
Elementary School
Wright
-
Middle School
Meigs
-
High School
Choctawhatchee
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Okaloosa
Elementary School
Wright
Middle School
Meigs
High School
Choctawhatchee
Listing Courtesy of Michelle Martin, EXP Realty LLC
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30A Luxury Group
EXP LUXURY GROUP 30A
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