Address: 221 Leonardo Lane, Defuniak Springs, FL 32433
Description
Tenant occupied and already generating income, this 2 bedroom, 2 bathroom manufactured home is a turnkey investment opportunity in DeFuniak Springs. Situated on a spacious 0.33 acre lot, the property offers immediate cash flow with a paying tenant already in place perfect for investors looking to step into a ready to go rental.
With no HOA and flexible use options, you can continue as a long term rental, make future improvements, or explore short term rental potential, as Walton County allows STRs. The property also includes a large covered structure, providing added storage and functionality.
Conveniently located near shopping and dining, and just approximately 30 minutes from Choctawhatchee Bay, you're also under an hour from the white sand beaches of Destin and 30A.
An added bonus the neighboring property at 241 Leonardo Ln is also available for purchase, offering a rare opportunity to own two adjacent income producing properties.
Buyer/Buyer's agent to satisfy themselves to all pertinent information regarding the property.
Tenant occupied and already generating income, this 2 bedroom, 2 bathroom manufactured home is a turnkey investment opportunity in DeFuniak Springs. Situated on a spacious 0.33 acre lot, the property offers immediate cash flow with a paying tenant already in place perfect for investors looking to step into a ready to go rental.
With no HOA and flexible use options, you can continue as a long term rental, make future improvements, or explore short term rental potential, as Walton County allows STRs. The property also includes a large covered structure, providing added storage and functionality.
Conveniently located near shopping and dining, and just approximately 30 minutes from Choctawhatchee Bay, you're also under an hour from the white sand beaches of Destin and 30A.
An added bonus the neighboring property at 241 Leonardo Ln is also available for purchase, offering a rare opportunity to own two adjacent income producing properties.
Buyer/Buyer's agent to satisfy themselves to all pertinent information regarding the property.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Other Structures: Sheds
Land Information
Lot Features: Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: WindowUnits
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Tax Year: 2025
Trash Expense: 0.00
Other Features
Appliances: ElectricOven, ElectricRange
Legal Description: LOTS 31 & 32 BLK A OAKWOOD LAKES ESTATES UNIT 7 OF OAKWOOD HILLS PB 5-9 OR 3002-549 OR 3079-4888 OR 3105-2508
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