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    1 Bayou Drive

    Fort Walton Beach, FL 32547
    • $1,579,000
    • STATUS: Active
    • ON SITE: 113 days
    • MLS #: 865070
    $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 The Ryan Group | Engel & Volkers. Data last updated: 2021-06-14T23:59:44.99.
    www.30agulfcoasthomes.com/homes/114398872
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    1 Bayou Drive Fort Walton Beach, FL 32547

    • Price: $1,579,000
    • Status: Active
    • 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 The Ryan Group | Engel & Volkers. Data last updated: 2021-06-14T23:59:44.99.
     
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    The Ryan Group | Engel & Volkers
    4923A E. Co. Hwy. 30A
    Santa Rosa Beach FL, 32459