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621 Live Oak Street Street, Freeport, FL 32439

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For Sale

$510,000

Estimated Payment

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APR for 30 years

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  • Other Residential
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Explore this Property

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
MLS# 950121

Courtesy Of Taylor Allen Properties LLC

(850) 259-2894

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other

Home seller CENTURY 21 AllPoints Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AllPoints Realty

(850) 682-9227
Learn More About Us

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