Value Add ~ Six Unit Mobile Home Park ~ Choctaw Beach
Multi-Family
for Sale
| Catylist Listing ID: |
30872729 |
| Property Subtypes: |
Mobile Home Park
|
| Number of Units: |
6 Units |
| Building Size (RSF): |
6,000 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.68 Acres
|
| Sale Price: |
$510,000 |
| Unit Price: |
$85,000 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Magnolia Court |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/4/2024 |
Overview / Comments
|
Magnolia Court is a well established mobile home park in Choctaw Beach that has been around since the mid 1990's. This quiet neighborhood is home to 6 individual mobile homes that enjoy a peaceful setting near the Choctawhatchee Bay. Each 2 bedroom home enjoys its own fenced-in yards, vinyl siding and wooden decks. Additionally, each home has been upgraded with metal roofs and an upgraded septic system. A central driveway with 3 homes on each side creates an easy access point for al tenants involved. DO NOT BOTHER THE EXISTING TENANTS. Cal me for additional details.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$1,726 (Annual) |
| Gross Operating Income |
$63,300 (Annual) |
| Net Operating Income |
$52,409 (Annual) |
| Actual or Proforma Year |
Actual |
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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
1,075 |
12,638 |
| Median Age: |
44.32 |
43.53 |
| Households: |
457 |
5,133 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
