Waterfront
Address
1 Bayou Drive Fort Walton Beach, FL
Price
$ 1,579,000
Property Attributes
  • MLS#865070
  • TypeCommercial
  • CountyOKALOOSA
  • CityFort Walton Beach
  • AreaFort Walton Beach
  • Zip32547
  • StyleMulti-Family
  • Price$ 1,579,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
A List Beach Realty Llc
Data Source:
Emerald Coast Assoc of Realtors
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.

Price History
2/22/2021 Listed $1,550,000

General Features

Area 12 - Fort Walton Beach
As Is Yes
Sub Area 1206 - Ocean City
Waterfront Bayou

Exterior Features

Waterfront: Waterfront Feet 186

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32547

Price
AVG $860K
$1.58M
Visits
AVG 128
42
Walkscore
AVG 51
49
Data Provided by Walkscore ® not using MLS data

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