Townhome/Townhouse For Sale near New River - Franklin County
Big Price Reduction! Presenting Rivers Rae, a premium four-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!Property Details
- Beds: 8
- Baths: 8.0
- Sq Feet: 4672
- Year Built: 1981
- Location: New River - Franklin County
- Acres: 0.250
- Community: Picketts Add
- Heat/AC: Central, Electric (Heating), Heat Pump (Heating)
- Siding: Block, Concrete
- Roof: Shingle
- MLS #: 320794
Location
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Contact Information:
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Listing Agent: Beth Embert, Coastal Realty Group, 850-227-7770, 850-227-7770 Listing Site, Listing Status: Active
Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 5771350 |
| Viewed: | 0 times |
| Added: | Feb 04, 2025 |
| Updated on: | Dec 14, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
