621 Live Oak Street St, FREEPORT

$525,000

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0 Bed
0 Bath
0 Acre
0 Garage

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

Essential Information

Status
Active
MLS® #
950121
Price
$525,000
Days On Website
31
Acres
0.00
Type
Commercial Sales

Community Information

Address
621 Live Oak Street St
Area
Freeport
SubArea
02 CHOCTAW BEACH
City
FREEPORT
County
WALTON
State
FL
Zip Code
32439

Additional Information

Days on Website
31

Listing Details

Office
Taylor Allen Properties LLC

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Clayton Bonjean

Office: 18505851284
Cell: 850.585.1284

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Listing information last updated on June 17th, 2024 at 11:00pm CDT.