Florida Cottage

Great deal on a great property. Motivated seller! Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates less than 2 years old. For cash buyer they can walk into this property under 90% of value and can achieve a 6% cap rate. Great gated community in great location! This is the first time the property has been listed with the upgrades! Updates include but not limited to, totally new kitchen countertops, cabinets, and appliances, new master bathroom shower, flooring, countertops, cabinets and a 2 person hydrotherapy soaking tub, new carpet throughout, new paint throughout, new water heater and back porch to name just some. The living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! *All info is accurate to the best of our knowledge but should be verified if concerned*