816 Lark Street 5, 6, 7, 8, Fort Walton Beach

$713,592

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9 Beds
6 Baths
3,322 Sqft
.43 Acre
1 Garage

Exceptional Investment Opportunity - Fully-Occupied Multi-Family Properties!This is your chance to secure a rare, income-producing property with incredible potential. Located in the county of Ft Walton Beach, Fl, this investment offers valuable tax advantages and added flexibility for future development or management.Comprised of two parcels (816 and 818 Lark St (see MLS#976434)), a total of four single-story duplexes & 8 individual units. Seven units are 2 bed, 1bath apartments with a combined kitchen & living area, covered back patios & washer/dryer hookups. All units have individual central heat & air. The property has a concrete driveway w/individual parking pads, enhanced by streetlamp lighting for added safety. Seller only interested in selling both parcels together($1.299,000).One premium unit includes 3 bedrooms, 3 bathrooms, a garage, and a large-screened porch. Additionally, there is an onsite storage/utility shed. Conveniently located just 2 minutes from Eglin AFB and 5 minutes to Hurlburt Field, with top shopping and dining just minutes away. With its multi-family zoning, unincorporated tax district location, and turnkey condition, this property is a true standout. Don't miss out! call today for more details. **Seller will consider owner financing with the following terms: $500,000 down. Payment would be based on a 30-year amortization with a balloon payment in 3 years. Potential income of $9115.00 per month. Proof of payment for taxes and insurance would need to be provided yearly.**

Essential Information

Status
Active
MLS® #
976432
Price
$713,592
Days On Website
203
Bedrooms
9
Bathrooms
6.00
Full Baths
6
Square Footage
3,322
Acres
0.43
Year Built
1982
Type
Residential
Sub-Type
Attached Single Unit
Style
Duplex

Community Information

Address
816 Lark Street 5, 6, 7, 8
Area
Fort Walton Beach
SubArea
1207 - Wright
Subdivision
FOREST HEIGHTS
City
Fort Walton Beach
County
Okaloosa
State
FL
Zip Code
32547

Amenities

Parking Spaces
1
Parking
Garage Attached, See Remarks
# of Garages
1

Utilities

Electric, Public Sewer, Public Water

Interior

Interior Features
Floor Tile, Floor WW Carpet
Cooling
AC - Central Elect
# of Stories
1

Appliances

Refrigerator, Smoke Detector, Stove/Oven Electric

Exterior

Lot Description
Interior, Level
Roof
Roof Composite Shngl

Exterior

Brick, Roof Composite Shngl, Trim Wood

Exterior Features

Patio Covered, Porch Open, Yard Building

School Information

Elementary
Kenwood
Middle
Pryor
High
Choctawhatchee

Additional Information

Days on Website
203
Zoning
Resid Multi-Family

Listing Details

Office
Coldwell Banker Realty
Property History
Price Reduced from $738,592 to $713,592

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Listing information last updated on December 6th, 2025 at 12:39pm CST.