503 & 505 Poinciana Lane
Property Description
Versatile investment and redevelopment opportunity in the Westlake area! Situated on approximately 0.74 acre, this offering includes one parcel including 503 and 505 Poinciana Lane, each improved with an older single-wide mobile home. The expansive corner setting provides frontage along two public streets, multiple access points, generous open space between the residences, mature shade trees, and ample room for parking and outdoor use. Both homes need TLC and updating but were previously leased for $800 per month each, offering the potential for two income-producing units with a combined prior rent of $1,600 per month. The property could be an excellent option for an investor looking to renovate and return the homes to rental service, a buyer needing two separate residences, or someone considering future redevelopment or replacement of the existing mobile homes, subject to applicable zoning, permitting, and restrictions. Aerial views highlight the broad, usable footprint, established residential surroundings, and flexible layout, with the homes positioned on opposite portions of the property to provide separation and privacy. With two existing residences, extensive road frontage, multiple entrances, and plenty of open land, this unique Westlake property offers numerous possibilities for the buyer with vision.
Broker Details
Coldwell Banker Ingle Safari Realty (337) 478-1601
MLS ID: 2791
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $79,900 |
| Year Built: | 1985 |
| Lot Size: | 2,276.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SWLAAR-6457
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Solar C O Hato V Sec Canta Gallo
Arecibo, Puerto Rico
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout