Property
Beds
8
Full Baths
5
1/2 Baths
None
Year Built
1972
Sq.Footage
2,444
Outstanding multifamily investment opportunity with exceptional potential! This 2.5-acre corner parcel in Southport, Florida, features three income-producing mobile homes and is ideal for investors looking to expand their rental portfolio. The seller is retiring, creating an excellent opportunity to own a property with established rental history and future upside. Conveniently located just 11 miles (approximately 15 minutes) from Lynn Haven, the property offers a peaceful setting with easy access to shopping, dining, schools, and everyday conveniences. The surrounding area includes established neighborhoods such as Lake Merial, White Oaks, and Skunk Valley. The mobile homes are older and could benefit from some TLC, but they have provided consistent rental income for many years. Previous rental rates were $750/month, $550/month, and $675/month, with long-term tenants in place. The seller believes current market conditions may support higher rental rates, offering additional income potential. Whether you choose to continue operating the property as a rental investment, renovate the existing homes, or take advantage of the beautiful corner parcel to build your dream home, this property offers flexibility and numerous possibilities. Don't miss this unique opportunity to own acreage with income potential in a desirable and growing area. Property and home dimensions are approximate.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
5
-
Cooling YN
YES
-
Cooling
Central Air, Multi Units, Window Unit(s)
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Metal Siding, Vinyl Siding
-
Patio and Porch Features
Patio, Deck, Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.5
-
Lot Size(square feet)
108,900
-
Property Type
Residential
-
Property Sub Type
MultiFamily
Price
-
Sales Price
$175,000
-
Tax Amount
$871.84
-
Zoning
County, Horses Allowed, Mobile Home, Resid Multi-Family
-
Sq. Footage
2,444
-
Price/SqFt
$71
HOA
-
Association
No
School District
-
Elementary School
Deane Bozeman
-
Middle School
Deane Bozeman
-
High School
Deane Bozeman
Property Features
-
New Construction
NO
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Bay
Elementary School
Deane Bozeman
Middle School
Deane Bozeman
High School
Deane Bozeman
Listing Courtesy of Daryle Burkey , Coldwell Banker Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
REALTOR®
Randy Baxter
Call Randy today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.