621 Live Oak Street Street
$510,000
Description
621 Live Oak Street Street,
Freeport,
FL
32439
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
This is an Active listing.
Broker Office Phone Number: 850-259-2894
Copyright © 2024Emerald 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.
Listing By: Taylor Allen Properties LLC via Data Source: Emerald Coast Association of Realtors
Price History
| date | price | variance | type |
|---|
| 9/17/2024 | $510,000 | 2.86 % | decreased |
| 5/17/2024 | $525,000 | - | Listed |
listing agent: Brett Stuart
