INVESTMENT DREAM WITH MAXIMUM FLEXIBILITY! Also great revelopment parcel, medical etc.Four homes on .68 acres. One 2160sf brick home (3BR, 2BA, with double carport and new HVAC system); one 896sf cedar home (2BR, 2BA, with carport); two clean 784sf mobile homes (2BR, 2BA, with 2-car parking for each, and one with new HVAC system); a 475sf fenced-in workshop/storage area that is usable by owner or rentable. All homes have w/d hookups, and serviced by a central lawn pump. Property suitable for investment, residential and/or commercial applications, zoning compliments commercial use. Current gross income $63k annually Exceptional multi-unit investment opportunity featuring four income-producing residences on one property at 322-324B Green Acres Rd. This well-maintained portfolio offers a diverse unit mix with stable tenancy and strong rental history, making it ideal for investors seeking immediate cash flow.The primary residence at 322 Green Acres Rd. is a 1973 brick home offering 3,636 total square feet (2,167 heated), with 3 bedrooms and 2 baths. This all-electric home features vinyl plank flooring throughout, a functional layout with a dedicated laundry room, fireplace, and a screened back porch. Exterior amenities include a double carport and a large fenced shed (reserved for landlord use). The asphalt roof was replaced in December 2019, and the HVAC system is in good working order. Currently leased at $1,750/month plus $25/month Resident Benefit Package (RBP), with lease renewal scheduled for May 2026.At 324 Green Acres Rd., a charming 1988 solid cedar plank home offers 1,392 total square feet (896 heated), with 2 bedrooms and 2 baths. This all-electric residence includes vinyl plank flooring, a metal roof, single carport, additional parking space, and a rear deck accessible from the back door. The unit also features a laundry area and a well-maintained HVAC system. Currently rented at $1,550/month plus $25/month RBP, with lease renewal due May 2026.The 324A Green Acres Rd. unit is a 1985 mobile home offering 880 total square feet (784 heated), with 2 bedrooms and 2 baths. This property underwent extensive renovations in 2024, including a new shingled roof, updated sheetrock, vinyl flooring, cabinetry, paint, trim, tubs, showers, fixtures, appliances, and electrical systems. The unit is all-electric and includes a covered front deck and two parking spaces. Currently leased at $1,150/month, with renewal through December 31, 2026, and a planned rent increase to $1,200+.Finally, 324B Green Acres Rd. is a 1985 2-bedroom, 2-bath mobile home (880 total square feet, 784 heated) featuring an enclosed front deck and two parking spaces. This unit is all-electric with a gas stove and is occupied by a long-term tenant of over 25 years, currently paying $800/month on a month-to-month basis, with a planned increase to $850/month effective June 2026. HVAC system is in good working order.All units are separately rented, providing multiple income streams with upside potential through future rent adjustments and property enhancements. Strong occupancy history, recent upgrades, and dependable tenants make this a compelling addition to any investment portfolio.
Listed By
Agency Name: NBI Properties Inc
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
322 Green Acres Road | MLS# 1000696
This commercial property located at 322 Green Acres Road, Fort Walton Beach, FL 32547 is currently listed for sale with an asking price of $625,000. Search 12 - Fort Walton Beach real estate on www.clhomes.com today.