40-Unit Apartment
For Sale
Contact for pricing
27-31 Alder Ave SE, Fort Walton Beach, FL 32548
Multi-property apartment portfolio with individually metered utilities, private entrances, parking, and washer/dryer hookups.
Property SizeContact for details
Days on Market143
Property Features for 27-31 Alder Ave SE
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
32 x 1100 SF 2BR/1.5BA Townhomes, 2 x 1550 SF 3BR/2.5BA Townhomes, 1 x 1512 SF 3BR/2.5BA Townhome, 1 x 997 SF 2BR/2BA Townhome, 1 x 1054 SF 3BR/2BA Single Family Home, 1 x 1100 SF 3BR/2BA Single Family Home, 1 x 1080 SF 3BR/2BA Single Family Home, 1 x 1211 SF 3BR/2.5BA Single Family Home
Multifamily Units
40
Additional Details
Utilities to Site
Yes
Amenities
individual entrances
ample parking
washer/dryer hookups
Listing Agency:
Hull Multifamily Advisors
Listed By:
Nick Hull · License #FL: BK3581015
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hull Multifamily Advisors
Investment Insights
Based on property information with market context.
This apartment portfolio comprises 9 properties and 40 units across Fort Walton Beach, Shalimar, and Niceville, with all locations within 5 miles of one another. The mix includes townhomes and single-family homes, with unit sizes ranging from 997 to 1,550 square feet. Most of the portfolio consists of two-bedroom, one-and-a-half-bath townhomes, supplemented by larger three-bedroom residences. Construction dates range from 1981 to 2000.
Recent physical upgrades include roofing on 34 units, HVAC replacement at 16 units, hot water heater replacement at 11 units, parking lot improvements at Hammocks Townhomes, and deck work at Turkey Creek Townhomes and 32 7th Ave #126. Units feature individual entrances, parking, washer/dryer hookups, and separate electric and water/sewer metering. Tenants are responsible for all utilities. Historical occupancy has averaged near 100%.
Recent physical upgrades include roofing on 34 units, HVAC replacement at 16 units, hot water heater replacement at 11 units, parking lot improvements at Hammocks Townhomes, and deck work at Turkey Creek Townhomes and 32 7th Ave #126. Units feature individual entrances, parking, washer/dryer hookups, and separate electric and water/sewer metering. Tenants are responsible for all utilities. Historical occupancy has averaged near 100%.
Key Highlights
- 40 units across 9 properties in Fort Walton Beach, Shalimar, and Niceville
- Unit sizes range from 997 to 1,550 square feet
- 32 units are 1100 SF two‑bedroom, one‑and‑a‑half‑bath townhomes
Property Analytics
Current Use
Lease Details
40
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-property apartment portfolio with individually metered utilities, private entrances, parking, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 27-31 Alder Ave SE Fort Walton Beach, FL.
What are key features of this property?
This property features: 40 units across 9 properties in Fort Walton Beach, Shalimar, and Niceville; Unit sizes range from 997 to 1,550 square feet; 32 units are 1100 SF two‑bedroom, one‑and‑a‑half‑bath townhomes
