5491 Brown Street, Graceville, FL 32440 (MLS# 778729)

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Taxes: 835.82

Last Tax Year: 2024

Brokerage Interest: No Interest

List Price/SqFt: 58.41

Status: Active

List Date: 2025-09-05

List Price: $50,000

Current Price: $50,000

Sub Area: 0905 - Jackson - Campbellton/Graceville/Cottondale

Community/Resort: None

Waterfront: No

Directions: From Marianna travel West and then turn North on Hwy 73, then in 6.6 miles travel North on Hwy 231 8.4 miles, then left on Hwy 2 6.7 miles, then right on Cliff St .6 mi to Brown Street, then turn right and property is approx 800' on Brown Street.

Area: 09 - Jackson County

Street #: 5491

Street Name: Brown

Street Suffix: Street

State: FL

Zip Code: 32440

County: Jackson

Subdivision: No Named Subdivision

Parcel ID: 35-7N-13-0067-0000-0040

Legal Description: OR 1718 P 727

Acreage: 0.5

Design: Other

Lot Size (SqFt): 21693

Apx SqFt(Htd/Cooled): 856

Construction Status: Under Construction

SqFt Source: Prop App Site

# of Stories in Building: 1

Lot Dimensions: 261.5 X 180.4 X 258

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1954

Remarks: 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.

None: 1

Siding - Hardie Board: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Resid Multi-Family: 1

Bedroom: 1

Dining Room: 1

Kitchen: 1

Living Room: 1

Sewer Available: 1

Public Water - Available: 1

None: 1

None: 1