16
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$510,000
Est. payment /mo
Price Dropped by $15K
621 Live Oak Street Street Freeport, FL 32439
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UPDATED:
10/13/2024 02:43 AM
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 950121
Property Description
Magnolia Court is a well established mobile home park in Choctaw Beach that has been around since the mid 1990's. This quiet neighborhood is home to 6 individual mobile homes that enjoy a peaceful setting near the Choctawhatchee Bay. Each 2 bedroom home enjoys its own fenced-in yards, vinyl siding and wooden decks. Additionally, each home has been upgraded with metal roofs and an upgraded septic system. A central driveway with 3 homes on each side creates an easy access point for al tenants involved. DO NOT BOTHER THE EXISTING TENANTS. Cal me for additional details. Value Add - 4 of 6 leases are on month to month leases at below market rates.Gross Rents are $63,300; Annual expenses $10,891: Net Operating Income $52,409
Location
State FL
County Walton
Area 20 - Freeport
Listed by Taylor Allen Properties LLC