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.

Listing courtesy of Kelly L Smith of Keller Williams Realty Southeast Alabama



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Last checked: 2026-05-06 12:15 PM UTC