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22 NE Bobolink Street

Fort Walton Beach, FL 32548

10 beds
6 baths
2,816 sqft
~1/2 acre lot
$212 per sqft
1956 build
– on site

INVESTOR'S DREAM!!! Unbelievable Cash Flow opportunity in one of the most desirable locations in Fort Walton Beach! These 6 Beach Bungalows are the ''Unicorn'' opportunity that everyone dreams about. Rare oversized .4 acre lot that can be subdivided, or an additional duplex can be added - increasing value exponentially! Duplex 1: Two 504 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month. Duplex 2: Two 504 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month. Duplex 3: Two 400 sq/ft bungalows, each occupied with long-term leases totaling $2,200+ a month. All this, and less than 2 minutes to Uptown Station, and 1.5 miles to the Sugar White Sands of the Gulf. Over $79k annually in rentals. Blink and you'll miss it! The numbers say it all... Nearly 8% annual return on investment (13% including appreciation), and an incredible CAP rate of over 8.5% in an area that has averaged right at 6% all year. The owner lives out of state and can no longer manage this incredible property, so their loss is your gain!!!

Listing courtesy of ECARMLS / Beachy Beach Real Estate

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# 964673 —

The Building

Year Built:

1956
Architectural Style:

Duplex
Direction Faces:

None
Construction Materials:

Block, Roof Flat, Roof Membrane, Slab
Foundation Details:

None
Basement:

None
Patio And Porch Features:

None
Accessibility Features:

None
Security Features:

None
Levels:

None
Stories:

1
Building Area Total:

2816.0
Building Area Source:

County PA Records

Interior

Rooms Total:

12
Interior Features:

Floor Laminate, Floor Tile
Flooring:

None
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

Directions:

Traveling North on Eglin Pkwy (85), turn left onto McGriff Street. In about 2 blocks, turn right onto Harbeson Ave. In one block, turn left onto Bobolink Street. The 3 Duplex's will be on your left hand side just a few doors down!

The Property

Parcel Number:

13-2S-24-1772-0000-0020
Property Type:

Residential
Property Subtype:

Attached Single Unit
Lot Features:

Level, Sidewalk, Survey Available
Property Condition:

Construction Complete
Property Attached:

None
Lot Size Acres:

0.4
Lot Size Area:

0.4
Lot Size Dimensions:

128' Street x 125' East x 151' Rear x 125' West
Lot Size SqFt:

17424.0
Lot Size Units:

Acres
Zoning:

Resid Multi-Family
Possible Use:

None
Topography:

None
Waterfront:

No
Water Body Name:

None
Road Frontage Type:

City Street
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

4113.58
Tax Legal Description:

NORTH HILL GARDENS 1ST ADD REPLAT IN BLK 12 LOT 2

Beds

Bedrooms Total:

10

Baths

Total Baths:

6.0
Total Baths:

6
Full Baths:

6
Partial Baths:

None
Bathrooms Three Quarter:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=XF3Mf1bXMPq&brand=0&mls=1&
Home Warranty:

No

Heating & Cooling

Heating:

Wall/Window
Heating:

true
Cooling:

Wall/Window Unit(s), Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Electric, Public Sewer, Public Water, TV Cable
Electric:

None
Sewer:

None

Appliances

Appliances:

Refrigerator, Stove/Oven Electric

Schools

Elementary School:

Elliott Point
Middle Or Junior School:

Meigs
High School:

Choctawhatchee
Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

NORTH HILL GARDENS
Senior Community:

No
Pool Private:

None
Spa Features:

None
Pets Allowed:

None
Association:

No
Association Amenities:

None
Association Fee:

None

Parking

Carport:

false

Monthly cost estimate

Asking price

$599,000

Expense	Monthly cost
Mortgage	$3,207
Taxes	$342
Insurance	$164
Utilities	$244 See report
Total	$3,957/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
12/13/24 Dec 13, 2024	Listed / Active	ECARMLS	$599,000

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This townhouse located in Beal Parkway, Fort Walton Beach, FL 32548 is currently for sale for $599,000. 22 NE Bobolink Street is a 2,816 square foot townhouse with 10 beds and 6 baths that has been on Estately for 5 days. 22 NE Bobolink Street is in the Beal Parkway neighborhood of Fort Walton Beach and has a WalkScore® of 69, making it somewhat walkable. This townhouse is in the attendance area of Meigs Middle School.

Listing Courtesy of: ECARMLS and Beachy Beach Real Estate.

The information provided is 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.