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15503 NW Chipola Street 15953, Altha, FL 32421 Active 1 / 35
$240,000

15503 NW Chipola Street 15953, Altha, FL 32421

Altha, FL 32421
  • 5 Beds
  • 3 Baths
  • 2,231 Sq Ft
  • 1954 Built
  • MLS 793072

About this home

Exсellеnt Ιnvеstmеnt Oрportunity with Two Income-Ρroducing Ρroperties! Expand your real estate portfolio with this versatile property featuring two rental homes, or live in one and rent the other for additional income. Located in a quiet small-town setting, these easy-to-manage rentals currently generate a combined monthly rental income of $1,725, with the 2-bedroom, 1-bath home renting for $800 per month and the 2019 3-bedroom, 2-bath single-wide mobile home renting for $925 per month. Current gross annual rental income: $20,700. The 1,055± SF house is situated on a desirable corner lot, while the 1,176± SF 2019 single-wide mobile home is tucked behind a natural tree line for added privacy and features a covered back deck--perfect for relaxing and enjoying the peaceful surroundings. Conveniently located approximately one hour from Panama City, the Gulf Coast beaches, Pier Park, and Northwest Florida Beaches International Airport. The property also offers easy access to Calhoun Liberty Hospital in Blountstown, shopping at Walmart and Lowe's in Marianna, and the Chipola River boat ramp for boating, fishing, and other outdoor recreation. Whether you're looking to grow your investment portfolio or enjoy the flexibility of living in one home while generating rental income from the other, this property offers outstanding value and potential.

Property details

Property typeSingleFamilyResidence
StatusActive
Area06 - Calhoun County
SubdivisionNo Named Subdivision
CityAltha
CountyCalhoun
Zip32421
StyleCountry
Taxes$1,074
Tax year2025
Special conditionsListedAsIs

Interior

Total rooms5
Full baths3
AppliancesElectricRange
CoolingCentralAir
HeatingCentral,Electric

Exterior & lot

Lot size0.34 acres
Lot dimensions100 x 150 and 100 x144
RoofMetal
Road frontageCity Street

Schools

ElementaryAltha Public
MiddleAltha Public
HighAltha Public

Community

Community featuresShort Term Rental Allowed
DirectionsIn Altha to 15503 on Main St (Hwy 71), Turn West on Chipola St. The property is located on the corner of Chipola St & 5th. and to 15953 - Hwy 71 into Altha. Turn EAST on Chipola St (Altha Diner on the corner). Property will be on the RIGHT just past Evans St.

Data source: Central Panhandle Association of REALTORS®

Location

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