816 Lark Street #5, 6, 7, 8, Fort Walton Beach, FL 32547
Local realty services provided by:ERA American Real Estate
816 Lark Street #5, 6, 7, 8,Fort Walton Beach, FL 32547
$695,000
- 9 Beds
- 6 Baths
- 3,322 sq. ft.
- Single family
- Active
Listed by: tamela leann hayes, amanda l reaves
Office: coldwell banker realty
MLS#:976432
Source:FL_ECAR
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 an 8-unit 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 4 single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bath, 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 for $1.27 mil. The current gross rental income when fully occupied is approximately $9,230 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
- Subdivision & Development:FOREST HEIGHTS
- Listing ID #:976432
- Added:25 day(s) ago
- Updated:July 30, 2026 at 03:27 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:11
- Kitchen Description:Refrigerator, Stove/Oven Electric
- Living area:3,322 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1982
- Building area:3,322 sq. ft.
- Lot area:0.43 Acres
- Lot Features:Interior, Level
- Architectural Style:Duplex
- Exterior Features:Yard Building
Schools
- High school:Choctawhatchee
- Middle school:Pryor
- Elementary school:Kenwood
Utilities
- Water:Public Water
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$209.21
- Tax amount:$4,009 (2024)
Features and amenities
- Appliances:Refrigerator, Stove/Oven Electric
Parking
- Garage:Yes
- Garage spaces:1
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