Fort Walton Beach Multifamily
32 7th Ave, Shalimar, FL 32579
Eight-property portfolio in Fort Walton Beach and Shalimar, Florida.
Type:Multifamily
- Added:
- Feb 17, 2026
- Days on Market:
- 84
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 32 7th Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Nick Hull License #FL: BK3591015
Listing office Hull Multifamily Advisors
Listing date Feb 17, 2026
Source Crexi
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
HighLights
- Significant value‑add opportunity through raising rents to market rates, with potential increases of $100-$175 per unit based on bedroom count.
- Stabilized, cash‑flowing asset with historically high occupancy rates (near 100%).
- Recent capital improvements, including new roofs, decks, HVACs, and hot water heaters on select units.
- Diverse portfolio of 8 properties (4 townhomes and 4 single‑family homes) located within 5 miles of each other.
- Tenants responsible for all utilities due to individual metering for electricity and water/sewer.
- Amenities include individual entrances, ample parking, and washer/dryer hookups.
Overview
The Fort Walton Beach 8 Portfolio consists of 4 individual townhomes and 4 single family homes, all located within 5 miles of each other in Fort Walton Beach and Shalimar, FL. Constructed between 1981 and 2000, the portfolio includes a variety of unit sizes and layouts. There are two 1550 SF three-bedroom, two-and-a-half-bath townhomes; one 1512 SF three-bedroom, two-and-a-half-bath townhome; one 997 SF two-bedroom, two-bath townhome; one 1054 SF three-bedroom, two-bath single family home; one 1100 SF three-bedroom, two-bath single family home; one 1080 SF three-bedroom, two-bath single home; and one 1211 SF three-bedroom, two-and-a-half-bath single family home. The properties have undergone recent capital improvements, including new roofs on two units, new decks on one unit, new HVACs on half of the units, and new hot water heaters on over a third of the units. The portfolio offers amenities such as individual entrances, ample parking, and washer/dryer hookups. Each unit is individually metered for electricity and water/sewer, with tenants responsible for all utilities. The properties are being offered as a stabilized, cash-flowing asset with value-add opportunities. Rents are currently below market rates, presenting an opportunity to increase cash flow and value. Occupancy levels have historically averaged near 100%.
Location Intelligence
Current Use by Public Records
George W Shealy ...
Construction Company
Location Insight
- Map
- Local Demand
- City
- Shalimar
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5752284
- Latitude
- 30.4422418
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Eight-property portfolio in Fort Walton Beach and Shalimar, Florida.
Where is this multifamily property located?
The property is located at 32 7th Ave Shalimar, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Significant value‑add opportunity through raising rents to market rates, with potential increases of $100-$175 per unit based on bedroom count.; Stabilized, cash‑flowing asset with historically high occupancy rates (near 100%).; Recent capital improvements, including new roofs, decks, HVACs, and hot water heaters on select units.
