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22 Bobolink Street

22 Bobolink Street Fort Walton Beach, FL 32548

Multi-Family (2-4 Units) MLS #: 766679 Courtesy Of Beachy Beach Real Estate

$599,000

10 beds | 6 baths | 2,816 sq ft
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Estimated monthly payments: $2,618/mo.* (recalculate)
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Property InformationDescription

UNDER CONTRACT - ACCEPTING BACK UP OFFERS!INVESTOR'S DREAM!!!Unbelievable Cash Flow opportunity in one of the most desirable locations in Fort Walton Beach!These 6 Beach Bungalows are the ''Unicorn'' opportunity that everyone dreams about.Rare oversized .4 acre lot that can be subdivided, or an additional duplex can be added - increasing value exponentially!Duplex 1: Two 504 sq/ft bungalows, each occupied with leases totaling $2,200+ a month.Duplex 2: Two 504 sq/ft bungalows, each occupied with leases totaling $2,200+ a month.Duplex 3: Two 400 sq/ft bungalows, each occupied with leases totaling $2,200+ a month. All this, and less than 2 minutes to Uptown Station, and 1.5 miles to the Sugar White Sands of the Gulf.Over $79k annually in rentals. Blink and you'll miss it!The numbers say it all... Nearly 8% annual return on investment (13% including appreciation), and an incredible CAP rate of over 8.5% in an area that has averaged right at 6% all year. The owner lives out of state and can no longer manage this incredible property, so their loss is your gain!!!

Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Appliances: Oven, Refrigerator
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Exterior Type: Block
  • Lot Size: 0.4 Acres
  • Rooms: Kitchen, Living Room

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22 Bobolink Street, Fort Walton Beach, FL 32548
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School Information

22 Bobolink Street, Fort Walton Beach, FL 32548

Elementary School
Grades PK-5 | Public School
ELLIOTT POINT ELEMENTARY SCHOOL
Fort Walton Beach, FL 32548
301 Hughes St NE
850.­833.3355
Distance: 0.9 mi
School Rating
C+
Student:Teacher Ratio
16:1
Total Students
603
Middle School
Grades 6-8 | Public School
MEIGS MIDDLE SCHOOL
Shalimar, FL 32579
150 Richbourg Ave
850.­833.4301
Distance: 2.8 mi
School Rating
C-
Student:Teacher Ratio
19:1
Total Students
627
High School
Grades 9-12 | Public School
CHOCTAWHATCHEE HIGH SCHOOL
Fort Walton Beach, FL 32547
110 Racetrack Rd NW
850.­833.3614
Distance: 2.5 mi
School Rating
C
Student:Teacher Ratio
21:1
Total Students
1637
Other Nearby Schools Distance Type Grades School Rating
First United Methodist School 0.6 mi Private PK-KG
St Mary Catholic School 0.7 mi Private PK-8
Okaloosa Virtual Instruction Program 0.7 mi Public KG-12
Montessori Learning Center 0.9 mi Private PK-3
Northwest Florida Ballet Academie 0.9 mi Public 3-8 A+
Max Bruner Junior Middle School 1.5 mi Public 6-8 C-
Edwins Elementary School 1.7 mi Public PK-5 D+
Silver Sands-exceptional Children 1.7 mi Public PK-12
Fort Walton Beach High School 1.8 mi Public 9-12 B-
Wright Elementary School 2.0 mi Public PK-5 C+
Calvary Christian Academy & Preschool 2.3 mi Private PK-12
Liza Jackson Preparatory School 2.3 mi Public KG-8 A
W.c. Pryor Middle School 2.4 mi Public 6-8 B-
Lotus Learning & Arts Center 2.7 mi Private KG-11
Mary Esther Elementary School 2.8 mi Public PK-5 C+
Kenwood Elementary School 3.0 mi Public PK-5 B-
Advanced Sacred Hope Academy 3.1 mi Private PK-5
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Fort Walton Beach, FL 32548

Median Age: 41.5
Married: 41%
Number of Households: 10,683
Households with Children: 26.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.