Map of Property

Magnolia Court

621 Live Oak St, Freeport, FL 32439

  • For Sale $510,000
  • Property Type Multi-Family
  • Property Size 6,000 SF
  • Units 6
  • Lot Size 0.69 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1995
  • Date Updated Sep 16, 2024
Located one block north of Highway 20 in Choctaw Beach which is located between Freeport & NicevilleMagnolia 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 all tenants involved. DO NOT BOTHER THE EXISTING TENANTS. Call me for additional details.

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Highlights

  • 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
  • 10.28% CAP RATE

Contacts

Location

Getting Around

  • Bike Score ®

    26/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Freeport, FL
  • Neighborhood DeFuniak Springs
  • Zip Code 32439
  • Market Pensacola

Points of Interest

  • Exxon

    4.28 miles

  • Kangaroo Express

    4.48 miles

  • TomThumb

    6.37 miles

  • CEFCO Convenience Store

    6.85 miles

  • Texaco

    7.52 miles

  • Shell

    7.61 miles

  • Murphy USA

    7.75 miles

  • Tom Thumb

    7.87 miles

  • Day Use Parking

    8.09 miles

  • Sleep Inn & Suites

    4.37 miles

  • Tru

    6.11 miles

  • Candlewood Suites Destin-Sandestin Area

    6.14 miles

  • Hampton

    6.16 miles

  • Courtyard Sandestin at Grand Boulevard

    6.52 miles

  • Sleep Inn

    6.52 miles

  • Residence Inn Sandestin at Grand Boulevard

    6.59 miles

  • Embassy Suites by Hilton Destin Miramar Beach

    6.70 miles

  • Extended Stay America

    6.80 miles

  • Southern Vacation Rentals

    6.85 miles

  • Pepito's Mexican Restaurant

    4.27 miles

  • Hurricane Grill & Wings

    4.32 miles

  • McDonald's

    4.35 miles

  • Waffle House

    4.39 miles

  • Taco Bell

    4.41 miles

  • Domino's

    4.47 miles

  • Little Caesars

    4.48 miles

  • Lenny's Subs

    4.52 miles

  • Red Ginger

    4.57 miles

  • Whataburger

    4.61 miles

  • Bluewater Elementary School

    4.61 miles

  • Destin Middle School

    7.00 miles

  • Plew Elementary School

    7.65 miles

  • James E. Plew Elementary School

    7.70 miles

  • Niceville High School

    8.60 miles

  • C W Ruckel Middle School

    8.61 miles

  • Addie R Lewis K-8 School

    9.00 miles

  • Northwest Florida State College

    9.02 miles

  • Addie R Lewis Junior High School

    9.05 miles

  • Van R Butler Elementary School

    9.07 miles

Frequently Asked Questions

How much does Magnolia Court cost?

The space currently listed for sale at Magnolia Court asks for $510,000.

What is the total square footage of Magnolia Court?

Magnolia Court totals 6,000 square feet.

When was this property built?

Magnolia Court was built in 1995.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Brett Stuart, Director of Commercial Sales & Leasing

Taylor Allen