Mixed-Use Land for Sale in Freeport, Florida
621 Live Oak St 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
Directions
From Niceville, travel East along Highway 20, turn north on Water Oak Street, then turn right onto Live Oak Street. Property will be on your left.
Property details
- County
- Walton County
- Community
- Freeport
- Elevation
- 16 feet
- MLS Number
- ECARMLS 950121
- Date Posted
Legal description
LOTS 13 & 14 BLK 9 CHEROKEE S/D OR 188-296 OR 188-297 OR 405-685 OR 635-274 OR 2717-1752 OR 2756-4471 OR 2817-4812 OR 2818-1380 OR 3287-3757
Parcels
- 281S21410100090130
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 17, 2024 | Price drop | $510,000 | $15,000 -2.9% | ECARMLS |
| July 30, 2024 | New listing | $525,000 | — | ECARMLS |