MLS#1004897
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Exceptional opportunity to acquire Tilden's End, a 13-unit apartment community in the heart of Fort Walton Beach. Built in 1983 with durable CBS block construction, the property offers an all 2BD/1BA unit mix (800 SF each) and has been extensively improved with new roofs, multiple new HVAC systems, interior renovations, comprehensive plumbing repairs, and new fencing -- positioning the asset for stable, low-maintenance ownership.The property is located within a designated Opportunity Zone, a federal program that lets investors defer and potentially reduce capital gains taxes by reinvesting through a Qualified Opportunity Fund, with the potential to eliminate tax on appreciation when the investment is held long enough. For the right buyer, this can meaningfully enhance after-tax returns (buyer to confirm eligibility and current rules with a tax advisor).Steady occupancy reflects strong demand, with in-place rents below market and upside through turnover, RUBS, pet fees, and other income. Additional development optionality exists to add a triplex on the north side of the site -- NOI growth without buying more land.Ideally located just off Mary Esther Cut Off (±34,500 vehicles/day) and within 15 minutes of Eglin Air Force Base and its 20,000+ personnel, the asset draws from a deep, defense-anchored renter base further bolstered by Williams International's ±$1B Okaloosa County investment. Buyer to verify all information.
Property Features
Property Type: Commercial - Business
Lot Size: 1.26 Acres
Feature Descriptions
Lot Dimensions: 240X225
Parcel Number: 09-2S-24-0000-0040-0000
Property Condition: Existing
Listed By / Shown By
210 NW Dates Avenue | MLS# 1004897
This commercial property located at 210 NW Dates Avenue, Fort Walton Beach, FL 32548 is currently listed for sale with an asking price of $1,500,000. Search Fort Walton Beach real estate on www.realtymark.net today.