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210 NW Dates AVE Fort Walton Beach, FL 32548
54,885 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 54,885 sqft
Price per Sqft $27
MLS Listing ID 1004897
Lot Size 1.260 Acres
Acres 1.26
Lot Dimensions 240X225
Source Emerald Coast Association of REALTORS®
Property Description
Exceptional opportunity to acquire Tilden's End, a 13-unit apartment community in the heart of Fort Walton Beach. Built in 1983 with durable CBS block construction, the property offers an all 2BD/1BA unit mix (800 SF each) and has been extensively improved with new roofs, multiple new HVAC systems, interior renovations, comprehensive plumbing repairs, and new fencing -- positioning the asset for stable, low-maintenance ownership.
The property is located within a designated Opportunity Zone, a federal program that lets investors defer and potentially reduce capital gains taxes by reinvesting through a Qualified Opportunity Fund, with the potential to eliminate tax on appreciation when the investment is held long enough. For the right buyer, this can meaningfully enhance after-tax returns (buyer to confirm eligibility and current rules with a tax advisor).
Steady occupancy reflects strong demand, with in-place rents below market and upside through turnover, RUBS, pet fees, and other income. Additional development optionality exists to add a triplex on the north side of the site -- NOI growth without buying more land.
Ideally located just off Mary Esther Cut Off (±34,500 vehicles/day) and within 15 minutes of Eglin Air Force Base and its 20,000+ personnel, the asset draws from a deep, defense-anchored renter base further bolstered by Williams International's ±$1B Okaloosa County investment. Buyer to verify all information.
The property is located within a designated Opportunity Zone, a federal program that lets investors defer and potentially reduce capital gains taxes by reinvesting through a Qualified Opportunity Fund, with the potential to eliminate tax on appreciation when the investment is held long enough. For the right buyer, this can meaningfully enhance after-tax returns (buyer to confirm eligibility and current rules with a tax advisor).
Steady occupancy reflects strong demand, with in-place rents below market and upside through turnover, RUBS, pet fees, and other income. Additional development optionality exists to add a triplex on the north side of the site -- NOI growth without buying more land.
Ideally located just off Mary Esther Cut Off (±34,500 vehicles/day) and within 15 minutes of Eglin Air Force Base and its 20,000+ personnel, the asset draws from a deep, defense-anchored renter base further bolstered by Williams International's ±$1B Okaloosa County investment. Buyer to verify all information.
Location
State FL
County Okaloosa
Area 12 - Fort Walton Beach
Direction From Hwy 98 go north on Mary Esther Blvd, left on Lovejoy, and first right after Art's Appliances on Tilden straight into Tilden's End Apartments
Exterior
Garage No
Building
Faces From Hwy 98 go north on Mary Esther Blvd, left on Lovejoy, and first right after Art's Appliances on Tilden straight into Tilden's End Apartments
New Construction No
Others
Pets Allowed No
Tax ID 09-2S-24-0000-0040-0000
Listed by Chris Carter Real Broker LLC