Chipley FL Real Estate & Homes for Sale

Come build your dream home or fantasy vacation home, absolutely stunning view.Over 2 beautiful acres of Lake Front property. Home could be great for hunting cabin or gutted and rebuilt. Has electric, well water and septic. Barn is huge, 48X24 with a concrete floor and built in work benches. Barn also has power and inside hookup power for an RV, additional RV hook up on the property next to barn. Live in your camper while you build or just stay in your camper for vacationing. Porter Lake is 1273 acres large and ready for your fishing boat, ski boat or john boat. Check out this article about Porter Lake: https://coastalanglermag.com/porter-lake/

This is a really nice park and five minutes to the city of Chipley. Located between Bonifay and Marianna on I-10. It's a 45 minutes drive to Panama City Beach. Park is in a rural setting on 18 acres. Ability to add more homes on this large piece of property would obviously create an even better investment. Seller has 13 of the 17 units rented. They just remodeled another five units. Pro forma in four months after five more remodels is going to exceed $225k. There are basically no utility bills with five wells and each unit on its own separate septic for sewer. Tenants pay electric. The residents that live here like this property because its large and peaceful. There is a severe shortage of good housing in this area. Possible owner carry with 600k down. Actual cap rate is 11% and climbing. Serious only. Must see pofs before viewing property.