Ad #7792134
MLS #666663
Prime Investment Opportunity - Owner financing is available with
816 Lark St, Fo Lark Ave 5,6,7,8, Fort Walton Beach, FL 32547
$695,000
--Beds
--Baths
--Sqft
--Acres
About this property
Prime Investment Opportunity - Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment. Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership. This portfolio includes two parcels (816 & 818 Lark St - see MLS #976434) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality. Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping. Conveniently located just 2 minutes from Eglin Air Force Base and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities -- making it highly attractive to both military and civilian tenants. Both parcels are offered together.The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term. This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1982
0.000 Acres
Composition Roof
Central
Okaloosa County
Forest Heights Community
Additional Photos
Contact Information
Tamela Hayes
Coldwell Banker Realty
850-863-4563
Location
Listing Agent: Tamela Hayes 850-863-4563
Broker: Coldwell Banker Realty 850-863-4563 Listing Site
Copyright © 2026 Pensacola 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.
Broker: Coldwell Banker Realty 850-863-4563 Listing Site
Copyright © 2026 Pensacola 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.
BeachHouse.com
Printed Aug 11, 2026
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$695,000
--
Beds
--
Baths
--
Sqft
816 Lark St, Fo Lark Ave 5,6,7,8, Fort Walton Beach, FL 32547
By contacting this agent you agree to these Terms and Conditions.
MLS# 666663
Prime Investment Opportunity - Owner financing is available with
$695,000
816 Lark St, Fo Lark Ave 5,6,7,8, Fort Walton Beach, FL 32547
--
Beds
--
Baths
--
Sqft
--
Acres
$695,000
816 Lark St, Fo Lark Ave 5,6,7,8, Fort Walton Beach, FL 32547
-- Beds
-- Baths
-- Sqft
-- Acres
Prime Investment Opportunity - Owner financing is available with $500,000 down, a 6.5% interest rate, 30-year amortization, and a 3-year balloon payment. Seize this rare chance to acquire a fully occupied, income-producing multi-family portfolio delivering strong cash flow and outstanding long-term investment potential. Situated in a desirable county location, the property provides potential tax advantages and added flexibility for management and future ownership. This portfolio includes two parcels (816 & 818 Lark St - see MLS #976434) with four single-story duplexes, totaling eight rental units. Seven units offer 2 bedrooms, 1-bathroom, open kitchen and living areas, covered back patios, washer/dryer hookups, and individual central heat and air systems. Dedicated parking, concrete driveways, and enhanced street lighting add to the property's appeal and functionality. Unit 8 at 816 Lark presents an exceptional opportunity for an owner-occupant or investor seeking to offset living expenses with rental income. This spacious unit boasts 3 bedrooms, 3 full bathrooms, a dedicated office/flex room, an attached one-car garage, a large, screened porch, and a private irrigation well for future landscaping. Conveniently located just 2 minutes from Eglin Air Force Base and 5 minutes from Hurlburt Field, this property is also near shopping, dining, beaches, and everyday amenities -- making it highly attractive to both military and civilian tenants. Both parcels are offered together.The current gross rental income is approximately $9,130 per month. Proof of annual property tax and insurance payments will be required during the financing term. This is an outstanding opportunity to acquire a turnkey investment with stable income, flexible financing options, and the added benefit of potential owner-occupancy.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1982
0.000 Acres
EXTERIOR
Composition Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
Okaloosa County
Forest Heights Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7792134
Viewed
72 times
Listing Status
Active
Added
May 28, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Pensacola Association of REALTORS
Source Property ID
666663
Listing Agent: Tamela Hayes 850-863-4563
Broker: Coldwell Banker Realty 850-863-4563 Listing Site
Copyright © 2026 Pensacola 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.
Broker: Coldwell Banker Realty 850-863-4563 Listing Site
Copyright © 2026 Pensacola 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.
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