Fort Walton Beach Multifamily
For Sale
Contact for pricing
32 7th Ave, Shalimar, FL 32579
Eight-property portfolio in Fort Walton Beach and Shalimar, Florida.
Property SizeContact for details
Days on Market175
Property Features for 32 7th Ave
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
R-2
Listing Agency:
Hull Multifamily Advisors
Listed By:
Nick Hull · License #FL: BK3581015
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Jul 23 at 11:37AM
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.
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%.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 32579, FL
10,444
Population
5,130
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
2,984
Density / Sq Mi
$98,014
Median Household Income
$46,926
Median Earnings
$1,582
Median Rent
$430,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
