Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow.
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms. All apartments have been renovated with new kitchen, new flooring throughout, and Energy saving appliances. appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.
Listing Courtesy of CENTRAL PANHANDLE / Coldwell Banker Realty / Oscar Forero
$190,000 (USD)
Chipley Area Manufactured Home
Active
3361 Yvonne Drive Chipley, FL 32428
3 Bed
2 Baths
1356 sqft
MLS# 776989
AS-IS!!! SELLER WILL CREDIT $10,000 IN BUYER'S CONCESSIONS AT CLOSING.
MOTIVATED SELLER. FLOOD INSURANCE NOT REQUIRED by lender. Mobile Home (1985) complete renovated and upgraded.
Welcome to your private slice of country living! Located in Chipley Florida. Nestled on 2.94 acres, this 3-bedroom, 2-bathroom home offers space, privacy, and versatility with no HOA restrictions. Inside, you'll find an open-concept kitchen and living area, perfect for gatherings or relaxing at the end of the day. With 1,400 square feet of well-designed living space, this home feels both cozy and functional.
Step outside and enjoy the peaceful setting from your large front porch, ideal for morning coffee or evening sunsets. The gated entry adds a layer of privacy, and the property includes four storage sheds, a workshop, and plenty of room for hobbies, projects, or even small livestock. Whether you're looking to garden, work from home, or just spread out, this property checks all the boxes.
Don't miss this unique opportunity to own acreage with room to grow—schedule your showing today!
MOTIVATED SELLER MAKE YOUR OFFER TODAY!!!
Listing Courtesy of CENTRAL PANHANDLE / Coldwell Banker Realty / Oscar Forero
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms. All apartments have been renovated with new kitchen, new flooring throughout, and Energy saving appliances. appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.