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621 Live Oak Street Street, Freeport 32439 (Active)

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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

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Features

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Commercial 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-FamilyMobile 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 11/23/2024 1:05:25 AM.

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.


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