621 Live Oak Street Street, Freeport FL 32439

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$510,000

621 Live Oak Street Street, Freeport, FL 32439

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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
Subdivision	-
County	Walton
Elementary School	-
Middle School	-
High School	-

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MLS number: 950121

Listing agent: Brett D Stuart

Listing broker: Taylor Allen Properties Llc (850) 259-2894

Copyright © 2024 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, November 8 2024 at 11:06 a.m. EST

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