Price	$284,000
Beds	5
Baths	5
Home size	3,038 sq ft
Lot Size
Days on Market	133

305 BARRACUDA AVE, FORT WALTON BEACH, FL 32548 (MLS # 605539)

CASH FLOWING TRIPLEX ACROSS THE STREET FROM THE BEACH! Looking for a fantastic investment opportunity which offers monthly cash flow and flexibility? PURCHASE WITH $0 DOWN WITH A VA LOAN & LIVE IN ONE UNIT FOR FREE AS THE OTHER TWO RENTS WOULD COVER YOUR MONTHLY MORTGAGE PAYMENT!! Look no further. EARN AN ESTIMATED $17,588 TO $32,204 ANNUAL NET INCOME AFTER EXPENSES OR 11% TO 31% ROI DEPENDING UPON WHETHER YOU FINANCE THE PURCHASE OR PAY CASH. (See attached projected ROI analysis.) This triplex, located directly across the street from the Gulf of Mexico on Okaloosa Island, offers two, 2 bedroom units and one, 1 bedroom unit. Although all 3 units are consistently rented and bring in $27,000 annual income with positive cash flow, there opportunity to significantly increase this triplex performance. Earn an estimated $17,588 to $32,204 annual net income after expenses based on long term rental income of $40,800 projected from a local rental agency which is $1200/month for the two bedroom units and $1000/month for the one bedroom. Another option is to live in one unit and rent out the other two. For example, if you live in the one bedroom and rent out the two 2 bedroom units for $1200/ month you can live there for no monthly payment AND have an estimated annual cash flow of $5,588 with a financed purchase and $20,204 with a cash purchase. Located directly across the street from the white sandy beaches and crystal blue waters of the Gulf of Mexico and close to restaurants & shopping, THESE UNITS ARE CONSISTENTLY RENTED. Come see this fantastic investment opportunity today. PROPERTY TO BE SOLD "AS IS".

Property Type(s): Residential Multi-Family

Last Updated	Sep 30, 2013	Stories	1
Year Built	1977	Community	SANTA ROSA ISLAND
Garage Spaces		County	OKALOOSA
Total Parking	0	Walk Score ®

Additional Details

Acres		Assoc Dues
Assoc Term		County
Cross Streets		Lot #	TRIPLEX
Lot Dimensions		TGNO
Model Code		Model Name
# Garages		Stories	1
AP #		Tract #

Features

Energy	A/C: Central Electric, Ceiling Fans, Heat: Central Electric, Water Heater: Electric
Construction Status	Construction Complete
Construction	Roof Composite Shingle, Siding Brick All
Style	Triplex
Appliances	Dishwasher, Stove/Oven Electric
Exterior
HOA Included
Interior	Breakfast Bar, Floor:W/W Carpet, Furnished:None
Leases
Room Descriptions
Parking
Facilities
To Show
Utilities	Community Sewer, Community Water
Waterfront
Water View
Internet	All
Sale Type

Location

Listed with RE/MAX Coastal Properties

View all details for: MLS # 605539

Listing information deemed reliable but not guaranteed. Read full disclaimer.