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Back on Market – Sibert Oaks

Posted on January 15, 2016

1+Sibert+EntranceShopping for commercial real estate in Destin? Look no further. The Sibert Oaks community is officially back on the market.

RE/MAX Southern Owner/Broker, Brad Shoults has listed the .79 acre development at $829,900. Located on Sibert Avenue in west Destin, this community contains seven mobile homes, equipped with underground utilities and new water and sewer lines. These mobile homes were placed onsite in July 2015. Since then, each has been rented long term with Southern Residential Leasing, a locally owned property management company in Destin, Florida.

Inventory is comprised of a one, two and three bedroom units, each equipped with a fenced yard, driveway, patio and additional storage unit onsite.

The Sibert Oaks community is currently forecasting $8,100 in gross monthly income and a 7% cap rate.

For more information on this and other available real estate opportunities in the area, contact Brad Shoults at 850.269.9999.

 

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