$200,000
$240,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
0.75 Acres Lot
SOLD DATE : 01/29/2021
Key Details
Sold Price $200,000
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Magnolia Bay
MLS Listing ID 861017
Lot Size 0.750 Acres
Property Description
One of the four is currently under contract to sell 1/14/21. The updated price is $240K for three remaining properties. AFFORDABLE HOUSING OPPORTUNITY! INVESTORS ALERT! This property HAS 3 rental properties providing the owners $900 per month per unit or $2700 total on the existing one bedroom one bath mobile homes. This could be a great opportunity for a builder to build 3 spec homes to resale or simply keep the property as is and take advantage of the $32,400 in gross annual rental income. The sellers have a property manager in place and waiting list on the rentals. Three 1/4 acre lots can be used as individual home sites or one larger property to build your dream home.
Location
State FL
County Walton
Area 20 - Freeport
Zoning Mobile Home,Resid Single Family
Exterior
Utilities Available Public Sewer, Septic Tank
Schools
Elementary Schools Freeport
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Bought with Sandestin Real Estate