1. Florida
2. Shalimar
3. 40 4Th Avenue

40 4Th Avenue, Shalimar, FL 32579

Property Description

Introducing an exceptional investment opportunity in the heart of Shalimar! This 12-unit multifamily property delivers a solid NOI of $81K, with a 4% rent increase already secured for 2025. All units are fully leased with no vacancies, ensuring steady income from day one. The seller is offering a stellar financing. Call for details. Subject to credit approval and additional terms. The property features three duplex buildings, each with 2-bedroom, 1-bath units at 812 sqft, complete with carports Current rents range from $900 to $1,300 per month. The fourth building offers six townhouse-style units, each 1,212 sqft with 2 bedrooms and 1.5 baths, renting between $950 and $1,100 monthly  presenting a clear opportunity for rental increases and a significant boost to your bottom line. Located centrally in Shalimar, this property offers unbeatable convenience: just minutes from shopping, dining, and entertainment. Eglin AFB is only 3 miles away, hospitals are within 4 miles, Hurlburt Field is 11 miles, and the stunning Okaloosa Island Boardwalk, with its white sandy beaches and emerald-green waters, is just a short drive. Call today for more information and to schedule a showing!

Listing Status:

Active

Date Added:

February 20, 2025 at 06:00AM

Listing Office:

Keller Williams Realty FWB : 850-226-6323

Listing Agent:

Heather Blatz : 850-830-8980

MLS ID:

969018

Location

• Originating MLS: Emerald Coast Association of REALTORS®
• County: Okaloosa

Lot

Financial

This listing courtesy of Heather Blatz, Keller Williams Realty FWB