510 NW 8th St Unit 1,2,3,4 Carrabelle, FL 32322
Estimated payment $6,538/month
Highlights
- Newly Painted Property
- No HOA
- Eat-In Kitchen
- Furnished
- Covered patio or porch
- Double Pane Windows
About This Home
Presenting Rivers Rae, a premium multi-unit investment property offering unparalleled potential for both long-term stability and high-income short-term rental returns. Nestled in the quiet, scenic town of Carrabelle on Florida's Forgotten Coast, this completely renovated four-unit townhome building is perfect for savvy investors. With modern upgrades, high rental income potential, and a location that appeals to beach lovers, outdoor enthusiasts, and vacationers, Rivers Rae is an exceptional opportunity for growth. Renovations: all new electric, plumbing, windows, exterior and interior doors, lighting, water heaters, bathrooms, luxury vinyl plank flooring. Newly configured Eat-in-Kitchen with breakfast bar, appliance packages that include dishwasher, stove, microwave and refrigerators with solid surface countertops over clean white cabinetry. Crown molding, recessed lighting, neutral tones, and tall vanities add sophistication and comfort. Inviting backyards with covered patio and privacy fencing. All units are fully furnished and turnkey ready for short term or long-term rentals. 2025 bookings at $95,856. Schedule a tour today!
Listing Agent
Coastal Realty Group-Carrabelle Brokerage Phone: 8506971010 License #3366394
Co-Listing Agent
Coastal Realty Group-Carrabelle Brokerage Phone: 8506971010 License #3624481
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1981 | Remodeled
Lot Details
- Lot Dimensions are 100 x 109
- Privacy Fence
- Back Yard Fenced
Parking
- 8 Parking Spaces
Home Design
- Newly Painted Property
- Slab Foundation
- Shingle Roof
Interior Spaces
- 4,672 Sq Ft Home
- 2-Story Property
- Furnished
- Woodwork
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Insulated Windows
- Blinds
- Family Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Covered patio or porch
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2007S04W42300E130060
Community Details
Overview
- No Home Owners Association
- Rivers Rae Community
- Picketts Add Subdivision
Building Details
- Gross Income $75,212
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | For Sale | $995,000 | -- | $213 / Sq Ft |
Source: Forgotten Coast REALTOR® Association
MLS Number: 320794
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Property information provided by the FCRA MLS – a service of the Forgotten Coast REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
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