Value Add ~ Six Unit Mobile Home Park ~ Choctaw Beach

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30872729
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $525,000
Unit Price: $87,500 Per Unit
Property Use Type: Investment
Building Name: Magnolia Court
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2024

Overview / Comments

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.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Taxing Authority: Walton County
Tax ID/APN: 281S21410100090130
Percent Occupied: 100%
Property Located Between: Niceville & Freeport
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,075 12,638
Median Age: 44.32 43.53
Households: 457 5,133


Photograph of Listing Agent

Brett Stuart

Taylor Allen Properties LLC Gulf Coast CMLS Member
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