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.
5 days
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Zillow last checked:
Listing updated:
Listed by:
Daryle Burkey850-896-7755,
Coldwell Banker Realty,
Linda F Barfield-jegg850-819-9816,
Coldwell Banker Realty
Source: CPAR,MLS#: 793721Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5
Rooms
Room types: Bedroom, Living Room
Bedroom
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Bedroom
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Bedroom
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Bedroom
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Bedroom
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Living room
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Living room
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Living room
Description: Please measure if important
Level: First
Dimensions: 0 x 0
Heating
Central, Electric
Cooling
Central Air, Multi Units, Window Unit(s)
Appliances
Included: Electric Cooktop, Electric Water Heater
Interior area
Total structure area: 2,444
Total interior livable area: 2,444 sqft
Property
Features
Patio & porch: Deck
Exterior features: Covered Patio
Fencing: Partial
Lot
Size: 2.5 Acres
Dimensions: 330 x 330
Details
Additional structures: Shed(s)
Parcel number: 07506000000
Zoning description: County, Horses Allowed, Mobile Home, Resid Multi-Family