510 NW Parkview Road A & B
Fort Walton Beach, FL 32547
$450,000
Active
Description
Attention investors! Duplex investment opportunity in the heart of Fort Walton Beach! Step right into a cash flowing investment property, offering an exceptional ROI for investors looking to expand their rental portfolio. 8.5% Gross Cap Rate! The best part, if you are looking for one more duplex, the sister property, 512 Parkview Rd is also for sale next door, if you want to add another 2 units to your rental portfolio! Each unit features a comfortable 2-bedroom, 2-bathroom layout, providing ample living space and strong appeal for long-term tenants. Both Units are currently occupied with two long term leases at $1,600/month, renewing Spring of 2027.
The functional floor plans offer spacious living areas with beautiful brick, wood burning fireplaces, recently updated kitchens, private bedrooms, and two full bathrooms per unit. Two separate residences under one roof. Conveniently located near local shopping, dining, schools, military installations, entertainment, and the beautiful Emerald Coast beaches, this property puts residents close to everything Fort Walton Beach has to offer. Whether you're an experienced investor or newer, this duplex offers versatility, location, and income-producing returns in a highly desirable Northwest Florida market. New roof to be installed in Sept. 2026.
These rarely come to the market. Don't miss your chance to own a great income producing asset.
Listing details MLS# 1011119
Location, Tax and Legal
- Area
- 12 - Fort Walton Beach
- Sub area
- 1208 - Kenwood/Golf Course
- Subdivision
- GOLF VIEW ON PARKVIEW
- County
- Okaloosa
- Parcel ID
- 35-1S-24-1300-0006-0120
- Tax year
- 2025
- Annual tax
- 3527.52
- Legal description
- JACKSONS HTS S/D LOT 12 BLK 6
- Zoning
- Resid Multi-Family
General Property Info
- Property type
- Residential
- Year built
- 1983
- New construction
- No
- Condition
- Renovated, Construction Complete
Interior
- Bedrooms
- 4
- Bathrooms
- 4
- Full baths
- 4
- Half baths
- 0
- Building area
- 2356
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Floor Tile, Floor Vinyl
- Interior features
- Ceiling Cathedral, Fireplace, Pantry, Split Bedroom, Washer/Dryer Hookup
- Appliances
- Dishwasher, Disposal, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Water Heater - Gas
- Total rooms
- 6
Exterior and Site
- Construction
- Concrete, Frame, Siding Vinyl, Trim Vinyl
- Roof
- Roof Dimensional Shg
- Exterior features
- Fenced Back Yard, Lawn Pump
- Patio and porch
- Patio Open, Porch, Porch Open
- Fencing
- Fenced Lot-All
- Road surface
- Paved
- Road frontage
- City Street, Easement
Utilities
- Utilities
- Electric, Gas - Natural, Public Water, TV Cable
- Sewer
- Public Sewer
Schools
- Elementary
- Edwins
- Middle school
- Pryor
- High school
- Choctawhatchee
Remarks and Misc
- Directions
- From Racetrack Rd NW., turn North onto Denton Blvd, for .5 of a mile. Veer left onto Parkview NW Rd., and 510 Parkview Rd. is .2 of a mile on the left. 2 Mins from Racetrack Rd NW.
