Property Description

Attention investors! Duplex investment opportunity in the heart of Fort Walton Beach! Step right into a cash flowing investment property, offering an exceptional ROI for investors looking to expand their rental portfolio. 8.5% Gross Cap Rate! The best part, if you are looking for one more duplex, the sister property, 512 Parkview Rd is also for sale next door, if you want to add another 2 units to your rental portfolio! Each unit features a comfortable 2-bedroom, 2-bathroom layout, providing ample living space and strong appeal for long-term tenants. Both Units are currently occupied with two long term leases at $1,600/month, renewing Spring of 2027. The functional floor plans offer spacious living areas with beautiful brick, wood burning fireplaces, recently updated kitchens, private bedrooms, and two full bathrooms per unit. Two separate residences under one roof. Conveniently located near local shopping, dining, schools, military installations, entertainment, and the beautiful Emerald Coast beaches, this property puts residents close to everything Fort Walton Beach has to offer. Whether you're an experienced investor or newer, this duplex offers versatility, location, and income-producing returns in a highly desirable Northwest Florida market. New roof to be installed in Sept. 2026. These rarely come to the market. Don't miss your chance to own a great income producing asset.

Property Features

Local Schools