Prime 8.91 acre Multi-Family Investment Opportunity North of Marianna, FL!
Don't miss this outstanding income-producing property located just north of Marianna on paved Lynch Drive. This multi-family setup features four (4) brick duplexes, one 1989 mobile home, and one single family home totaling 10 rental units.
Each duplex unit offers 2 bedrooms and 1 bath, with new roofs installed in 2019--a solid, low-maintenance investment. The mobile home adds even more value with 3 bedrooms and 2 baths and the single family residence adds another 2 bedrooms 1 bath. All units are currently rented, providing consistent cash flow from day one.
According to Jackson County Planning & Zoning, the property allows for 2 units per acre, making future development a possibility. Plus, the current owner has already installed two additional water hookups that are not yet in use--perfect for potential expansion.
This well-maintained property is an excellent addition to any investment portfolio. Take advantage of this rare opportunity to own a versatile, income-generating asset in a desirable location. Contact us today to learn more and schedule a tour!
398 days
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22
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0
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Zillow last checked:
Listing updated:
Listed by:
Lauren M Lyons850-209-5710,
Chipola Realty,
Kathy S Milton850-209-8013,
Chipola Realty
Source: CPAR,MLS#: 775543Originating MLS: Central Panhandle Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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