131 Bayou View Drive A-D
Fort Walton Beach, FL 32547
$699,900
NEW LISTING Active
Description
Welcome to 131 Bayou View Drive, a beautifully updated four-unit investment property in the heart of Fort Walton Beach. This two-building duplex offers four spacious 2-bedroom, 1-bath units, three already remodeled with vinyl or tile flooring, fresh paint, new cabinets, updated doors and fixtures, and more. Each unit also has its own private fenced yard and in-unit laundry hookups, giving tenants the space, privacy, and convenience they want.
This property has been well maintained and updated over the years. The roof was replaced in 2017, all four water heaters were replaced in 2022, and the AC systems have been updated between 2018 and 2021, so buyers can expect minimal near-term capital expense. Separate utility meters mean tenants pay their own utilities, keeping owner costs low, and a termite bond is already in place for added peace of mind.
The property is fully occupied, providing an investor with strong current rental income from day one. Beyond the four units, a bonus storage building on site adds even more income potential, with room to add rentable storage space beyond what is currently rented.
With updated systems and low ongoing maintenance needs, this is a true turnkey opportunity for an investor looking for built-in upside, or for anyone drawn to the charm and privacy of updated units just minutes from the beach. Located in one of the Panhandle's most in-demand rental markets, close to shopping, dining, and the beach. Schedule your showing today.
Listing details MLS# 1012523
Location, Tax and Legal
- Area
- 12 - Fort Walton Beach
- Sub area
- 1205 - Overbrook/Pinedale
- Subdivision
- FIELD S/D
- County
- Okaloosa
- Parcel ID
- 03-2S-24-0900-0005-0060
- Tax year
- 2025
- Annual tax
- 4574.15
- Legal description
- Field S/D Lot 6 Blk 5
- Zoning
- Resid Multi-Family
General Property Info
- Property type
- Residential
- Year built
- 1980
- New construction
- No
- Condition
- Renovated, Construction Complete
Interior
- Bedrooms
- 8
- Bathrooms
- 4
- Full baths
- 4
- Half baths
- 0
- Building area
- 3180
- Heating
- Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Tile, Floor Vinyl
- Interior features
- Fireplace, Newly Painted, Washer/Dryer Hookup
- Appliances
- Dishwasher, Refrigerator, Water Heater - Elect
- Total rooms
- 10
Exterior and Site
- Construction
- Siding Wood, Stucco
- Roof
- Roof Dimensional Shg
- Exterior features
- Fenced Back Yard, Yard Building
- Patio and porch
- Patio Covered
- Garage spaces
- 0
- Carport spaces
- 0
- Fencing
- Fenced Privacy
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Public Sewer
Schools
- Elementary
- Wright
- Middle school
- Meigs
- High school
- Choctawhatchee
Remarks and Misc
- Directions
- North on Beal Pkwy, Left on Duloft, Right on Bayou View Dr.
