5491 Brown Street, Graceville, FL 32440
- $48,000
- 2
- BD
- 2
- BA
- Sold Price
- $48,000
- List Price
- $50,000
- Closing Date
- May 12, 2026
- MLS#
- 778729
- Status
- CLOSED
- Type
- Single Family Residential
- Subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 2
- Lot Size
- 21,693
- Neighborhood
- Jackson - Campbellton/Graceville/Cottondale
Property Description
Opportunity knocks in the heart of Graceville! This property is primed for investors or savvy buyers looking to build income-producing rentals. The existing structure has a strong head start with new Hardie board siding and a new roof already completed--the big-ticket exterior work is done for you. With interior renovations, you can quickly transform it into a 2-bedroom, 2-bathroom rental unit as the anchor for your project. But the real value lies in the expansion potential: this site is set up to add up to 6 additional units, with city water, sewer, and some power poles already in place. That's the infrastructure you need to scale and create an excellent multi-unit investment property, all within Graceville's convenient downtown setting. Whether you finish the remodel for a single rental or develop the entire property for maximum returns, this is a rare chance to step into a project with both momentum and huge upside.
Additional Information
- Acres
- 0.50
- Lot Dimensions
- 261.5 X 180.4 X 258
- Neighborhood
- Jackson - Campbellton/Graceville/Cottondale
- Project Facilities
- Short Term Rental Allowed
- Stories
- 1
- Subdivision
- No Named Subdivision
- Utilities
- None, Sewer Available
- Year Built
- 1954
- Zoning
- Resid Multi-Family
Mortgage Calculator
Listing courtesy of Chipola Realty. Selling Office: NON-MEMBER OFFICE.