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Home / Anthony Tubolino / 🔥Turnkey or Val...

🔥Turnkey or Value-Add Rental in Fort Walton Beach – Strong Tenant Demand🔥

4 Beds / 2.5 Baths • 2,612 SqFt
Available
Offer Submission Deadline
  • Single Family House
  • 4
  • 2.5
  • 1956
  • 2612
  • 2612
  • No Garage

Description

📍 PROPERTY DETAILS:

Address: 120 Alabama Ave NW, Fort Walton Beach, FL 32548

Type: Residential

Size: 2,612 Sq Ft

Year Built: 1956

Layout: 4 Bedrooms / 2.5 Bathrooms

Roof: 4-5 years old

Occupancy Status: Occupied now. Might change before closing

Whole house generator

Hurricane impact windows upstairs

Garage: Carport

AC Type: Central

Heating Type: Furnace

Heating Age: 0-5 years old

Foundation: Slab

Walkthrough/Access: Monday, Tuesday, Wednesday 8am-1pm

💰 FINANCIALS:

Asking Price: $310,000

Rehab Estimate: Turnkey

After Repair Value (ARV): $495,000

Rental Rates: $2,901

Section 8: $2,557 (for 4 bedroom)

EMD: 5K

Closing Date: On or before 02/14/2026

Comps:

  1. 204 NW Bayou Woods Dr JUN 2025 FOR $460,000 3/2 1,783 sq ft
  2. 113 NW Sotir St, JUN 2025 FOR $360,000 3/3 2,393 sq ft

📍 Location Highlights

★ Garniers Beach Park: 5 min

★ Fort Walton-Destin Hospital: 10 min

★ Destin-Fort Walton Beach Airport: 15 min

Estimated Spread

  • ARV $495,000
  • Price $310,000
  • Spread $185,000

Anthony Tubolino

Phone (850) 974-6283
Email anthony@gulfcoastcashoffers.com
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