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  • Price$1,090,000
  • SQ. Feet4,792
  • Acres0.11

8 Ne Gipson Place, FORT WALTON BEACH

Check out this rare opportunity in Fort Walton Beach to own an 8 unit multi-family property just under one mile from the coast penciling at a 12% cap rate. Seaside Escapes features 8 separate studio & 1 BR units each themed, furnished, and marketed as Short Term Rentals. Each cozy cottage features a living area, queen bed, closet, kitchenette, full bath & a dedicated workspace. The property was recently renovated in 2021. Renovations include new roof, electrical, HVAC, plumbing, windows, doors, trim, flooring, and all new furnishings. This place has everything you need to start your journey as a short-term rental owner or would make a great addition to an existing portfolio. Property is centrally located only a few blocks from downtown, minutes to the Gulf of Mexico & near Eglin AFB.

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Essential Information

  • MLS® #947859
  • Price$1,090,000
  • Square Footage4,792
  • Acres0.11
  • TypeCommercial Sales
  • StatusActive

Exterior

  • Lot Description50x100

Listing Details

  • Listing OfficeAnchor Realty Florida

Community Information

  • Address8 Ne Gipson Place
  • AreaFort Walton Beach
  • CityFORT WALTON BEACH
  • CountyOKALOOSA
  • StateFL
  • Zip Code32548

Additional Information

  • Days on Website108
  • ZoningCOMM GEN

Price Change History for 8 Ne Gipson Place, FORT WALTON BEACH, FL (MLS® #947859)

Date Details Price Change
Price Reduced (from $1,190,000) $1,090,000 $100,000 (8.40%)
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