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Listing 4 out of 628
$3,999,000 For Sale
2 beds, 1 bath | Condo/Townhouse
950 sq ft - MLS# 809328
Property Photo
1/5

Description

Listing information is for one unit out of the 40 included. Units are 2/1, 2/2 and 1/1 and 1/2. This is for a 40 unit investor package. Great deal on super rental income property with great rental numbers. Occupancy runs between 95-100% year round. Investors looking for tax depreciation and equity appreciation will love this package. Great location in the heart of Destin. This property has seen many improvements over the past 5 years. The maintenance fees have not gone up during that time. The association shows great financial records and a nice reserve account. Units are immediately occupied when vacancy occurs. Management contract in place and will continue for the next two years. Many of the units have water views, park views and tennis court view. Buyer to verify dimensions.

Features

  • Property Type: Condo/Townhouse
  • Sub Type: Condominium
  • Listing Status: Active
  • County/Area: Okaloosa County
  • Zip Code: 32541
  • Year Built: 1976
  • Subdivision/Neighborhood: Gulf Terrace Condo
  • Elementary School: Destin
  • Middle School: Destin
  • High School: Fort Walton Beach
  • Sq.Ft.: 950 sq ft
  • Units: 8 units
  • Bedrooms: 2
  • Full Baths: 1
  • Baths: 1
  • Pool or Spa: Yes, Yes, Community
  • View: Lake
  • Waterfront: Lake, Shore - Natural, Unit Waterfront
  • Area: 14 - Destin
  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric
  • Bedroom - Additional: 1st Floor
  • Bedroom - Additional Dimensions: 12 X 11
  • Bedroom - Additional Room Level: 1
  • Bedroom - Master: 1st Floor
  • Bedroom - Master Dimensions: 12 X 11
  • Bedroom - Master Room Level: 1
  • Construction/Siding: Block, Concrete, Frame, Roof Flat, Roof Metal, Siding Vinyl, Stucco
  • Dining/Living Combo Dimensions: 18 X 12
  • Dining/Living Combo Room Level: 1
  • Energy: Ac - Central Elect, Water Heater - Elect
  • Exterior: Balcony, Bbq Pit/Grill, Deck Open, Fenced Chain Link, Fenced Privacy, Pavillion/Gazebo, Pool - In-Ground, Porch, Shower, Tennis Court
  • Fees Include: Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Other Utilities, Repairs/Maintenance, Sewer, Trash, TV Cable, Water
  • Kitchen: 1st Floor
  • Kitchen Dimensions: 8 X 12
  • Kitchen Room Level: 1
  • Parking Features: Boat, Guest
  • Project Facilities: Bbq Pit/Grill, Community Room, Dock, Dumpster, Fishing, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
  • Rooms: Bedroom - Additional, Bedroom - Master, Dining/Living Combo, Kitchen
  • SqFt Source: County Pa Records
  • Stories In Unit: 1
  • Stories in Building: 2
  • Sub-Area: 1403 - West Destin
  • Units Above Ground: 216
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
Courtesy of Sea Coast Realty Group Inc

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