Fantastic investment opportunity in the heart of Fort Walton Beach! This first-floor unit in Spanish Villas offers excellent potential with several key updates already completed. Features include wood-look tile flooring throughout, granite countertops in the kitchen, and a new HVAC system installed in 2020. The water heater was replaced in 2012. With a little remodeling and finishing touches, this unit can generate strong rental incomecomparable units in Spanish Villas lease for approximately $1, 600$1, 800 per month depending on upgrades and finishes. Many of the major improvements are already in place, making this a great option for investors, flippers, or buyers looking to add value and maximize returns. You'll love having a pool on site as well as a community room and BBQ Pit/grill. Perfect location near shopping, dining, schools, and military bases. Not to mention only a couple of miles to the beautiful beaches. This unit also comes with assigned parking.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- Electric Water Heater
- Built In Microwave
- Dishwasher
- Laundry Features: W/D Hookups
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Interior Features
- Door Features: Storm Door(s)
- Flooring: Tile
Kitchen and Dining
- Dining Room Features: Breakfast Bar, Living/Dining Combo
- Kitchen Dimensions: 12 x 13
- Kitchen Features: Updated, Granite Counters
- Kitchen Level: First
- Kitchen Sqft: 156
Pool and Spa
Exterior and Lot Features
- Patio And Porch Features: Covered
- Road Responsibility: Public Maintained Road
- Road Surface Type: Paved
Land Info
- Lot Description: Central Access
- Lot Size Acres: 4.81
- Lot Size Square Feet: 209524
Garage and Parking
- Parking Features: Guest, Parking Lot
Homeowners Association
- Association: Yes
- Association Fee: 7662
- Association Fee Frequency: Annually
- Association Fee Includes: Association, Maintenance Grounds, Insurance, Trash, Water/Sewer
- Calculated Total Monthly Association Fees: 639
School Information
- Elementary School: Local School In County
- High School: Local School In County
- Middle School: LOCAL SCHOOL IN COUNTY
Rental Info
- Leasable Area Units: Square Feet
Amenities and Community Features
- Community Features: Pool, Community Room
Other Property Info
- Source Listing Status: Active
- County: Okaloosa
- Directions: North on Mary Esther Blvd, Turn Right onto Wright Pkwy, Then 2nd left after Marshall Ct sign. Marshall Ct is one way so take 2nd entrance and follow street to building 401. First floor, unit 1.
- Disclaimer: Seller will not be doing repairs.
- List Price Low: 110000
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Spanish Villas Condo
- Parcel Number: 152S24187A04010010
- Subdivision: Spanish Villas Condo
- Zoning Description: Res Multi
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 994
- Year Built: 1978
- Building Area Total: 994
- Building Area Units: Square Feet
- Building Name: Spanish VIllas
- Construction Materials: Frame
- Foundation Details: Slab
- Levels: One
- Living Area Units: Square Feet
- Property Age: 47
- Property Condition: Resale
- Roof: Flat
- House Style: Traditional
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
