Listing Courtesy of Sophie Grizzle Fathom Realty FL LLC 858-776-7872
Who is looking for their next cash-cow property? Welcome to a big chunk of monthly cash flow with value-add potential! Imagine having 4 streams of income from a single property. This lot has 1.0264 acres and is zoned LDR. Comparable vacant lots have sold upwards of $80-100,000! This lot comes with 3 mobile homes and hookups for an RV lot. Two of the mobile homes are rented to family members for $600 and $750; these tenants are not on lease, and these rents should be closer to $900-1200 a month. There is a third trailer that can be removed and replaced to bring in another $1200-1400 a month. Then rent the RV space with existing water, power, and septic for a 4th income from this property! Property is occupied, please don't disturb tenants. This property is great value for the land, existing septic tanks, existing water, and power infrastructure! Group showing 9/25 at 3:30 PM. Text listing agent if you plan to attend.
- County: Escambia - Fl
- Longitude: -87.392826
- Latitude: 30.548417
- Directions: From downtown Pensacola, take I-110 North to Nine Mile Road (FL-296) and head west for about 7 miles. Turn left onto Frank Reeder Road, then continue for roughly 2.5 miles before turning right onto Aloha Lane. The property will be on your left.
- Full Baths: 3
- Half Baths: 0
- Dining Room Description: Living/Dining Combo
- Kitchen Description: Not Updated
- Cool System: Central Air
- Heat System: Central
- Floors: Vinyl
- Appliances: Electric Water Heater
- Roof: Metal
- Parking Description: Driveway
- Pool: None
- Pool Description: None
- Stories: 1
- Septic Or Sewer: Septic Tank
- Acres: 1.026
- Sqft: 2000
- Zoning: Mobile Homes, Res Single
- Condition: Resale
- Building Total Area: 2000
- Road Improvements: County Maintained Road
- Foundation: Off Grade
- Electric: Circuit Breakers
- Has Garage: false
- Elementary School: Kingsfield Elementary
- Middle School: BEULAH
- High School: Tate
- Property Sub Type : MANUFACTURED/MOBILE
- Home Owners Association: false
- HOA Frequency: Annually
- Year Built: 1985