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621 Live Oak Street Street, Freeport 32439 (Active)
Listing Information
| Property Type: Commercial Sale |
| MLS #: | 950121 | Price: | $510,000.00 | Year Built: | Not available | Square Feet: | Not available | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | Not available | Lot Dimensions: | Not available |
Subdivision: Not available
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
Photos
Features
Not availableCommercial Features
| Income-Producing Annual Gross Income: 63300 | Income-Producing Expenses: 10891 |
| Income-Producing Net Operating Income: 52409 | Income-Producing Cap Rate: 10 |
| Income-Producing Property Type: Multi-Family | Mobile Home Park Number of Pads: 6 |
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This listing provided courtesy of Taylor Allen Properties LLC.
This information was last updated on 12/20/2024 10:04:05 PM.
All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, ERA American Real Estate, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2024. All rights reserved.
