510 W 8th St, Carrabelle, FL

$995,000

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8

Beds

6

Baths

4,672

Square feet

0.25

Acres

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
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
Area Carrabelle
Subdivision PICKETTS ADD
City Carrabelle
State FL
Zip Code 32322

Amenities

Utilities Cable Available, Electricity Connected, Internet Available, Sewer Connected, Water Connected
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
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
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
Zoning City, Residential Multi-Family
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeCoastal Realty Group-Carrabelle

Listing Map

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