8209 Highway 2301
$199,000
3
3
1,470
1,470
$135
Description
Property has 4 addresses. 2 park owned existing mobile homes on property that are leasing for a total of $2080 a month. Expenses are extremely low because of well and septic. All figures and info are supplied by Seller and are not guaranteed and should be verified. Electric is less than $50 a month and Culligan has a water purifier rental for $130 a mo. Taxes are $945 a year or $79 a month. NOI around $21,855 a year giving a Cap Rate of 10.98%. Both units have been extremely well appointed during...Property has 4 addresses. 2 park owned existing mobile homes on property that are leasing for a total of $2080 a month. Expenses are extremely low because of well and septic. All figures and info are supplied by Seller and are not guaranteed and should be verified. Electric is less than $50 a month and Culligan has a water purifier rental for $130 a mo. Taxes are $945 a year or $79 a month. NOI around $21,855 a year giving a Cap Rate of 10.98%. Both units have been extremely well appointed during the rehab process with new kitchen cabinets in both units. Both even have granite kitchen countertops. Unit 8213 up front is a 1bd/1ba. Unit 8211 in back is a 14' wide (not the normal 12) and is a 2bd/2ba. Both bedrooms have their own bathrooms. One even has a garden tub and walk-in closet. Both units have Central HVAC and most appliances are new. Both units have washers and dryers. You'll see the quality and very little deferred maintenance the Seller takes pride in. Seller has another MHP (MLS# 737012) and owns both land and all units. 11 paying rentals located appx 1.5 miles away at 6904 thru 6920 Penny Rd. Asking Price $1.2M. Onsight Manager/Maintenance person takes care of both parks and is extremely trustworthy. Seller offering both properties at $1.4M (savings of appx 100k). Cap Rate is currently 8.08%. The larger park has 2 vacant lots that used to have units on them. Let someone put a unit on each of those vacant lots for $600 per unit raise rents by 7.5% and your total Cap Rate would be 10.06% based on $1.3M sale price. Call today for more details.
- Listed by Melissa Barbee • Realty One Group Emerald Coast
Property Details for 8209 Highway 2301
Architectural Style
Mobile Home
WaterfrontNo
Subdivision NameNo Named Subdivision
Zoning DescriptionResid Multi-Family
LISTING UPDATED: 12/02/2024 01:58 AM
Property Details for 8209 Highway 2301
Status | Active |
---|---|
MLS # | 730828 |
Days on Market | 857 |
Taxes | $829 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mobile/Manufactured |
MLS Type | Residential / Manufactured Home / Manufactured Home |
Year Built | 1980 |
Lot Size | 1.81 AC / 78,843 SF |
County | Bay County |
Building Information for 8209 Highway 2301
Stories-Residences-Year Built1980Lot Size1.81 AC / 78,843 SF
Property Information for 8209 Highway 2301
Property History for 8209 Highway 2301
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8209 Highway 2301
Taxable ValueLand$56,299Additions$12,913Total$69,212
Tax Record2023$946 ($79 / month)
Home Facts
Total Finished SqFt560 SqFtAbove Grade Finished SqFt560 SqFtStories1Lot Size78,844 SqFtStyleMobile / Manufactured HomeYear Built1980ZoningBC16CountyBAYAPN05450-018-000
Schools near 8209 Highway 2301
This home is within Bay.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Deer Point Elementary School PublicPK to 5 | ||
Merritt Brown Middle School Public6 to 8 | ||
A. Crawford Mosley High School Public9 to 12 | ||
North Bay Haven Charter Academy Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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