$525,000
Freeport, FL 32439
MLS# 950121
1 / 16
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
Details
None
Current Price: $525,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30872729
List Date: 2024-05-17
List Price: $525,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 20 - Freeport
Street #: 621
Street Name: Live Oak Street
Street Suffix: Street
State: FL
Zip Code: 32439
County: Walton
Sub Area: 2002 - Choctaw Beach
Parcel ID: 281S21410100090130
Property Name: Magnolia Court
Legal Description: LOTS 13 & 14 BLK 9 CHEROKEE S/D OR 188-296 OR 188-297 OR 405-685 OR 635-274 OR 2717-1752 OR 2756-4471 OR 2817-4812 OR 2818-1380 OR 3287-3757
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 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
Office/Member Info
Cooperative Comp: 2
Cooperative Comp Type: %
Income Producing
Property Type: Multi-Family
Mobile Home Park
# of Pads: 6
Property Features
Class: Income Producing; Mobile/Trailer Park
Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: May - 17 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Saturday 18th of May 2024 07:08 PM
