12933 Farm Road, Southport, FL 32409
- $175,000
- 8
- BD
- 5
- BA
- List Price
- $175,000
- Status
- ACTIVE
- MLS#
- 793721
- Subtype
- Residential
- Year Built
- 1972
- Bedrooms
- 8
- Bathrooms
- 5
- Full Baths
- 5
- Lot Size
- 108,900
- Acres
- 2.50
- Subdivision
- [No Recorded Subdiv]
- Neighborhood
- Bay North - Youngstown Area
- MLS Area Major
- Bay County - North
Property Description
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.
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Additional Information
- Exterior Features
- Covered Patio
- Zoning
- County, Horses Allowed, Mobile Home, Resid Multi-Family
- Appliances
- Electric Cooktop, Electric Water Heater
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Multi Units, Window Unit(s)
- Exterior Construction
- Metal Siding, Vinyl Siding
- Roof
- Composition, Shingle
- Elementary School
- Deane Bozeman
- Middle School
- Deane Bozeman
- High School
- Deane Bozeman
Mortgage Calculator
Listing courtesy of Coldwell Banker Realty.