816 Lark St, Fo Lark Ave #5,6,7,8, Fort Walton Beach, FL 32547
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
816 Lark St, Fo Lark Ave #5,6,7,8,Ft Walton Beach, FL 32547
$695,000
- - Beds
- - Baths
- 3,322 sq. ft.
- Multi-family
- Active
Listed by: tamela hayes
Office: coldwell banker realty
MLS#:666663
Source:FL_PMLS
Price summary
- Price:$695,000
- Price per sq. ft.:$209.21
About this home
Prime Investment Opportunity - Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment. Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership. This portfolio includes two parcels (816 & 818 Lark St - see MLS #976434) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality. Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping. Conveniently located just 2 minutes from Eglin Air Force Base and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities -- making it highly attractive to both military and civilian tenants. Both parcels are offered together.The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term. This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy....
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Home facts
- Year built:1982
- Listing ID #:666663
- Added:46 day(s) ago
- Updated:July 10, 2026 at 04:03 PM
Rooms and interior
- Living area:3,322 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1982
- Building area:3,322 sq. ft.
- Lot Features:Central Access
Schools
- High school:Local School In County
- Middle school:LOCAL SCHOOL IN COUNTY
- Elementary school:Local School In County
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$209.21
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