118 Monahan Drive, Fort Walton Beach, FL 32547

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Gordon M.

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Building Details:

118 Monahan Drive is amulti-family property for lease in Fort Walton Beach, FL.

Southern Oaks contains 9 units, was constructed in 1971 and is comprised of 3 one story buildings and 1 two story building distributed over almost 1.2 acres. The buildings are concrete block construction, with a brick veneer, in an array of exterior styles. Southern Oaks provides a favorable unit mix of 5 one bedroom units, 3 two bedroom units, and 1 four bedroom unit. Units range in size from 725 to 1,825 square feet, with an average unit size of 1,066 square feet. All apartments include fully appointed electric kitchens, private patios and washer/dryer hookups in select units.

• Nine units total in superior infill location.
• Additional land to add more rental units.
• Solid concrete block construction with recent upgrades.
• Excellent positive cash flow for multifamily.
• High occupancy rates and upside rent potential.

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