Somerset Oceanside Apartments 940 Santa Rosa Blvd 130 Unit Apartment Building For Sale Fort Walton Beach, FL 32548

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Somerset Oceanside Apartments, a 130-unit apartment community in Fort Walton Beach, Florida (the “Property”). Constructed in 1975, the Somerset Oceanside Apartments are a desirable asset directly next to the beach on Okaloosa Island. The Somerset Oceanside Apartments comprise a main apartment complex, which contains ninety-six (96), 2-Bedroom/2-Bathroom units and twenty-eight (28), 1-Bedroom/1- Bathroom units, and a beachfront apartment building containing four (4), 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units. In total, the Property has 123,290 rentable square feet on 5.4 acres of land. Located at 940 Santa Rosa Boulevard on Okaloosa Island, The Somerset Oceanside Apartments are part of a conglomerate of residential communities along the Okaloosa Shore that offer incredible beachside access, while still being in close proximity to downtown Fort Walton Beach and a plethora of retail and dining opportunities. The Property is roughly two miles from the Miracle Strip Parkway SE (US Route 98), the area’s primary commercial and commuter corridor and three miles from downtown Fort Walton Beach. Fort Walton Beach benefits from a strong military presence with two Air Force bases in the area, as well as a dynamic tourism industry that drives traffic to the area.