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Key Facts

Type Quadruplex
Levels Residential
Size 4672 sqft
Garage No
Taxes 
Days Active 147
Lot Size 
Approx. Age 1981
Avg. Price Per Sqft $212
MLS® Number 320794

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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 $96, 500. Schedule a tour today!Show Description
MLS® Number320794
Laundry LevelWasher/Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.2502
ExteriorRenovated
GarageNo
Approx. Age1981
Basement
DrivewaySpace/Unit
Garage Spaces
HeatCentral Electric, Heat Pump
A/CCentral Electric, Heat Pump, Ceiling Fan(s)
Heating Fuel

Extras

Everything as seen

Rooms

Show Details
Master Bedroom:Not available

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