15503 NW Chipola Street 15953, Altha, FL 32421 (MLS# 793072)

Acreage: 0.34

Design: Country

Lot Size (SqFt): 14810

Apx SqFt(Htd/Cooled): 2231

Construction Status: Construction Complete

SqFt Source: Prop App Site

Accessory Dwelling Unit: No

Lot Dimensions: 100 x 150 and 100 x144

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 5

Full Baths: 3

Total Baths: 3

Year Built: 1954

List Price/SqFt: 103.09

Status: Active

List Date: 2026-07-24

List Price: $230,000

Current Price: $230,000

Unit #: 15953

Sub Area: 0601 - Calhoun NE

Community/Resort: None

Waterfront: No

Elementary School: Altha Public

Middle School: Altha Public

High School: Altha Public

Directions: In Altha to 15503 on Main St (Hwy 71), Turn West on Chipola St. The property is located on the corner of Chipola St & 5th. and to 15953 - Hwy 71 into Altha. Turn EAST on Chipola St (Altha Diner on the corner). Property will be on the RIGHT just past Evans St.

Area: 06 - Calhoun County

Street #: 15503

Street Direction: NW

Street Name: Chipola

Street Suffix: Street

State: FL

Zip Code: 32421

County: Calhoun

Subdivision: No Named Subdivision

Parcel ID: 15-2N-09-0800-000G-0300

Legal Description: Legal Descriptions for both homes. Legal for 15503 - Parcel 15-2N-09-0800-000G-0300 LOTS 3-4 BLK G RICHARDS SUBD OR 97-245,103-686,(UR WILL) OR 270-125, 431-376, 438-406,460 -652,493-710 and Legal for 15953 Parcel 15-2N-09-0800-0011-0200 64FT ON E END OF LOTS 1 & 2, ALSO 36FT ON W END OF LOTS 7 & 8 ALL IN BLK 11 TOWN OF ALTHA (RICHARDS) OR 77-192, 46 8-593

Homestead: No

HOA Fee: No

Is Subject Leased: Yes

Rent/Mo: 1725

New Buyer Fee: No

Last Taxes: 1074

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Excellent Investment Opportunity with Two Income-Producing Properties! Expand your real estate portfolio with this versatile property featuring two rental homes, or live in one and rent the other for additional income. Located in a quiet small-town setting, these easy-to-manage rentals currently generate a combined monthly rental income of $1,725, with the 2-bedroom, 1-bath home renting for $800 per month and the 2019 3-bedroom, 2-bath single-wide mobile home renting for $925 per month. Current gross annual rental income: $20,700. The 1,055± SF house is situated on a desirable corner lot, while the 1,176± SF 2019 single-wide mobile home is tucked behind a natural tree line for added privacy and features a covered back deck--perfect for relaxing and enjoying the peaceful surroundings. Conveniently located approximately one hour from Panama City, the Gulf Coast beaches, Pier Park, and Northwest Florida Beaches International Airport. The property also offers easy access to Calhoun Liberty Hospital in Blountstown, shopping at Walmart and Lowe's in Marianna, and the Chipola River boat ramp for boating, fishing, and other outdoor recreation. Whether you're looking to grow your investment portfolio or enjoy the flexibility of living in one home while generating rental income from the other, this property offers outstanding value and potential.

Dishwasher: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Wood/Frame: 1

Roof - Metal: 1

Siding - Wood: 1

7 - 12 Months: 1

Month To Month: 1

Fenced Lot-Part: 1

Porch Covered: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

Corner Lot: 1

City Street: 1

Paved Road: 1

Driveway: 1

City: 1

Bedroom: 1

Primary Bedroom: 1

Public Water - Connected: 1

Septic Tank: 1

Accessible Approach with Ramp: 1

As Is: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1