Shalimar, FL 32579,40 4Th AVE
Shalimar, FL 32579,40 4Th AVE
Shalimar, FL 32579,40 4Th AVE
Shalimar, FL 32579,40 4Th AVE
Shalimar, FL 32579,40 4Th AVE
Shalimar, FL 32579,40 4Th AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
30
Jan
Sat
31
Jan
Sun
1
Feb
$ 1,600,000
Est. payment | /mo

2,613 SqFt


Save
$ 1,600,000
Est. payment | /mo
Save

2,613 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,613 sqft

Price per Sqft $612

MLS Listing ID 969018

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 316X160 APPROXIMATELY

Source Emerald Coast Association of REALTORS®

Property Description

Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one.

The seller is offering a stellar financing. Call for details. Subject to credit approval and additional terms.

The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports Current rents range from $900 to $1,300 per month. The fourth building offers six townhouse-style units, each 1,212 sqft with 2 bedrooms and 1.5 baths, renting between $950 and $1,100 monthly  presenting a clear opportunity for rental increases and a significant boost to your bottom line.

Located centrally in Shalimar, this property offers unbeatable convenience: just minutes from shopping, dining, and entertainment. Eglin AFB is only 3 miles away, hospitals are within 4 miles, Hurlburt Field is 11 miles, and the stunning Okaloosa Island Boardwalk, with its white sandy beaches and emerald-green waters, is just a short drive.

Call today for more information and to schedule a showing!

Location

State FL

County Okaloosa

Area 12 - Fort Walton Beach

Zoning SR

Direction FROM SHALIMAR TRN ONTO OLD FERRY ROAD, TURN LEFT ON MEIGS, RIGHT ON 4TH AVE. PROPERTY IS LOCATED ON THE RIGHT.

Exterior

Garage No

Building

Faces FROM SHALIMAR TRN ONTO OLD FERRY ROAD, TURN LEFT ON MEIGS, RIGHT ON 4TH AVE. PROPERTY IS LOCATED ON THE RIGHT.

New Construction No

Others

Pets Allowed No

Tax ID 05-2S-23-1950-0000-0010

 Emerald Coast MLS - IDX
Listed by Heather Blatz Keller Williams Realty FWB

Schools and Properties Nearby

SCHOOLSPROPERTIES
Elementary Schools 12
  • 9

    Kenwood Elementary School

    Public | PK - 5

  • 9

    Eglin Elementary School

    Public | PK - 4

  • 8

    Northwest Florida Ballet Academie

    Public | 3 - 8

  • 4

    Elliott Point Elementary School

    Public | PK - 5

  • 4

    Longwood Elementary School

    Public | PK - 5

  • 4

    Shalimar Elementary School

    Public | PK - 5

  • 0

    Emerald Coast Christian School

    Private | 4 - 8

  • 0

    St Mary Catholic School

    Private | PK - 8

  • 0

    Montessori Learning Center

    Private | PK - KG

  • 0

    Choice High School and Technical Center

    Public | 4 - 12

  • 0

    Cinco Christain School

    Private | PK - 8

  • 0

    Okaloosa Virtual Instruction Program

    Public | KG - 12

Middle Schools 2
  • 6

    Clifford Meigs Middle School

    Public | 6 - 8

  • 0

    Ami Kids Emerald Coast

    Public | 6 - 12

High Schools 1
  • 6

    Choctawhatchee Senior High School

    Public | 9 - 12

School and business data provided by Attom Data.
Andrew Vose

Find out why customers are choosing LPT Realty to meet their real estate needs

Learn More About LPT Realty

Name
Phone*
Message
Tour the Home

40 4Th AVE