About 510 W 8th St
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. Schedule a tour today!
Features of 510 W 8th St
MLS® # | 320794 |
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Price | $995,000 |
Bedrooms | 8 |
Bathrooms | 6.00 |
Full Baths | 4 |
Half Baths | 4 |
Square Footage | 4,672 |
Acres | 0.25 |
Year Built | 1981 |
Type | Residential |
Sub-Type | Dup/Tri/Quad (Multi-Unit) |
Status | Active |
Community Information
Address | 510 W 8th St |
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Area | Carrabelle |
Subdivision | PICKETTS ADD |
City | Carrabelle |
State | FL |
Zip Code | 32322 |
Amenities
Utilities | Cable Available, Electricity Connected, Internet Available, Sewer Connected, Water Connected |
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Parking Spaces | 8 |
Parking | Space/Unit |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Breakfast Bar, Ceiling Crown Molding, Lighting Recessed, Newly Painted, Renovated, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted, See Remarks |
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Appliances | Clothes Dryer, Clothes Washer, Dishwasher, Disposal, Microwave, Refrigerator w/Ice Maker, Stove/Oven Electric, Water Heater Electric |
Heating | Central Electric, Heat Pump |
Fireplace | No |
Has Basement | No |
Exterior
Exterior Features | Renovated |
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Lot Description | City Road, Paved Road |
Windows | Ceiling Fan, Doubled Pane Window(s), Insulated Window(s) |
Construction | Concrete, Block |
Additional Information
Date Listed | February 4th, 2025 |
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Zoning | City, Residential Multi-Family |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Details
Office | Coastal Realty Group-Carrabelle |
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