503 & 505 Poinciana Lane

Description

Versatile investment and redevelopment opportunity in the Westlake area! Situated on approximately 0.74 acre, this offering includes one parcel including 503 and 505 Poinciana Lane, each improved with an older single-wide mobile home. The expansive corner setting provides frontage along two public streets, multiple access points, generous open space between the residences, mature shade trees, and ample room for parking and outdoor use. Both homes need TLC and updating but were previously leased for $800 per month each, offering the potential for two income-producing units with a combined prior rent of $1,600 per month. The property could be an excellent option for an investor looking to renovate and return the homes to rental service, a buyer needing two separate residences, or someone considering future redevelopment or replacement of the existing mobile homes, subject to applicable zoning, permitting, and restrictions. Aerial views highlight the broad, usable footprint, established residential surroundings, and flexible layout, with the homes positioned on opposite portions of the property to provide separation and privacy. With two existing residences, extensive road frontage, multiple entrances, and plenty of open land, this unique Westlake property offers numerous possibilities for the buyer with vision.