816 Lark ST #5, 6, 7, 8 Fort Walton Beach, FL 32547
9 Beds
6 Baths
3,322 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Townhouse
Sub Type Attached Single Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,322 sqft
Price per Sqft $209
Subdivision Forest Heights
MLS Listing ID 976432
Style Duplex
Bedrooms 9
Full Baths 6
HOA Y/N No
Year Built 1982
Annual Tax Amount $4,008
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Attached Single Unit
Source Emerald Coast Association of REALTORS®
Land Area 3322
Property Description
Seize this rare chance to acquire an 8-unit income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership.
This portfolio includes two parcels (816 & 818 Lark St - see MLS #976434) with 4 single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bath, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality.
Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping.
Conveniently located just 2 minutes from Eglin Air Force Base and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities, making it highly attractive to both military and civilian tenants.
Both parcels are offered together for $1.27 mil. The current gross rental income when fully occupied is approximately $9,230 per month. Proof of annual property tax and insurance payments will be required during the financing term.
This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Zoning Resid Multi-Family
Direction From Mary Esther Blvd, Turn left onto N Beal Pkwy, Turn left onto Forest Heights Rd., Turn left onto Lark St. Go for 154 ft to 818 Lark St
Rooms
Dining Room true
Interior
Cooling Central Air
Flooring Floor Tile, Floor WW Carpet
Appliance Refrigerator, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Exterior
Exterior Feature Yard Building, Covered Patio, Open Porch, Yard Building
Parking Features See Remarks
Garage Spaces 1.0
Utilities Available Electric, Public Water
Roof Type Composite Shingle
Street Surface Paved
Porch Patio Covered, Porch Open
Road Frontage County Road
Garage Yes
Building
Lot Description Interior, Level
Faces From Mary Esther Blvd, Turn left onto N Beal Pkwy, Turn left onto Forest Heights Rd., Turn left onto Lark St. Go for 154 ft to 818 Lark St
Story 1
Sewer Public Sewer
Architectural Style Duplex
New Construction No
Schools
Elementary Schools Kenwood
Middle Schools Pryor
High Schools Choctawhatchee
Others
Pets Allowed No
Tax ID 26-1S-24-0950-0003-0040
