190 Anchor Road
About This Property
Create your very own container home with this Certified Cargo Worthy, shipping container that already exists on the lot, or use as a great storage!)
This property is partially fenced with a sizeable shed in good shape for additional storage. Zoned Rural Village, allows for auxiliary dwellings. NO FLOOD insurance required and No Wetlands per GIS mapping.
Conveniently located between Destin and Panama City Beach. Easy access to Hwy 3280 and Hwy 331 bridge with NO TOLLS. Spend your weekends enjoying the endless array of outdoor activities and water sports, some including (fresh or salt water) fishing and convenient parks for hiking and exploring. Plenty of space for all your fun recreational toys! Multiple public boat ramps nearby!
Only six minutes to Publix grocery store and approximately 15-20 minutes from some of the most beautiful white sandy beaches on Florida's Emerald Gulf Coast. Take advantage of the close proximity to fabulous shopping and restaurants on 30A, and the World famous Crab Island.
Within the up-and-coming progress of Walton County, the City of Freeport has approved and funded plans for the expansion of city sewer to this area within the next year. Secured by a 6.5 million dollar grant, Dewberry Structural Engineers will notify of future meetings to come.
Existing improvements include septic and power pole. City water is available.
This parcel offers a lot of freedoms to make it your own!! Older mobile home (considered of no value) may allow flexibility from the county for you to utilize an RV while making improvements to the property and/or building a new dwelling.
Call today for an appointment to preview the property!
All Information and dimensions to be verified by the buyer. Buyer is responsible to verity with county and/or local resources to ensure they can do what they want to with the property.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017