Magnolia Court is a well established mobile home park in Choctaw

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Lot For Sale

621 Live Oak Street Street

Freeport, Florida 32439

Walton County

Community: 

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$510,000 0.000 acres

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

  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: 
  • MLS #: 950121
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Contact Information:
phone Call now 1-855-943-4259
Beach Lot For Sale in Freeport, Florida
Listing Agent: Brett D Stuart, Taylor Allen Properties LLC, 850-259-2894, 850-259-2894 Listing Site, Listing Status: Active
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.
Ad Number: 5211231
Viewed 26 times.
Updated: Sep 16, 2024

This property is a Lot located at 621 Live Oak Street Street, Freeport, Florida 32439, and is currently For Sale at $510,000.

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