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8 NE Gipson Place

Fort Walton Beach, FL 32548
  • $1,349,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 910136
UPDATED: 13 min ago
$1,349,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

We are pleased to present the exclusive opportunity to acquire Seaside Escape, a multi-family building comprised of 8 fully furnished units located minutes from the beach in Fort Walton Beach Florida. This coastal-designed beauty is comprised of 7 efficiency units and a single one-bedroom unit currently on the rise as one of the area's most popular short-term rental complexes. In September of 2022 Seaside Escape was revealed after an extensive renovation unveiling over 3,500 square feet of brand new electrical, plumbing, windows, roof, doors, trim, appliances, HVAC(s), water heater(s), kitchens, luxury vinyl plank floors, interior & exterior paint and alluring landscaping. Take that capex rate down to the minimum! The current owners of Seaside Escape have a projected gross income of justover $240k (average daily rent at $106) with an IRR of 15.34%. Seaside Escape has excellent proximity to shopping, entertainment districts, and restaurants, this community is an attractive destination for vacations, business trips, military, traveling nurses, and holiday family visits making it a unique opportunity for year-round short-term rentals. Seaside Escape is turnkey and currently renting on all short-term rental platforms. Zoned for motel or multi-family use and currently is operated as 8 short-term rental units, which is a permitted use with the city. Current owner capitalizes on the property as a fully furnished str, however an investor may choose to convert to fully furnished apartments. Call today for more information.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2022-12-07T12:59:48.757.
Vendor Member #28178.
www.poshbeachrealty.com/homes/133987715
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8 NE Gipson Place Fort Walton Beach, FL 32548

  • Price: $1,349,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 13 min ago
  • MLS #: 910136
0
Beds
0
Baths
0
½ Baths
0.11
Acres
Neighborhood:
Fort Walton Beach
County:
Okaloosa
Area:
Fort Walton Beach
Property Description
We are pleased to present the exclusive opportunity to acquire Seaside Escape, a multi-family building comprised of 8 fully furnished units located minutes from the beach in Fort Walton Beach Florida. This coastal-designed beauty is comprised of 7 efficiency units and a single one-bedroom unit currently on the rise as one of the area's most popular short-term rental complexes. In September of 2022 Seaside Escape was revealed after an extensive renovation unveiling over 3,500 square feet of brand new electrical, plumbing, windows, roof, doors, trim, appliances, HVAC(s), water heater(s), kitchens, luxury vinyl plank floors, interior & exterior paint and alluring landscaping. Take that capex rate down to the minimum! The current owners of Seaside Escape have a projected gross income of justover $240k (average daily rent at $106) with an IRR of 15.34%. Seaside Escape has excellent proximity to shopping, entertainment districts, and restaurants, this community is an attractive destination for vacations, business trips, military, traveling nurses, and holiday family visits making it a unique opportunity for year-round short-term rentals. Seaside Escape is turnkey and currently renting on all short-term rental platforms. Zoned for motel or multi-family use and currently is operated as 8 short-term rental units, which is a permitted use with the city. Current owner capitalizes on the property as a fully furnished str, however an investor may choose to convert to fully furnished apartments. Call today for more information.
Exterior Features

Lot Size Dimensions 50X100

Property Features

New Construction YN No Property Class Commercial Property Condition Existing Zoning Comm Gen

Listing courtesy of Exp Luxury: (888) 883-8509.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Posh Beach Realty. Vendor Member number: 28178. Data last updated: 2022-12-07T12:59:48.757.
Vendor Member #28178.
 
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495 Grand Boulevard, Suite 206
Miramar Beach FL, 32550