15503 NW Chipola St #15953, Altha, FL, 32421
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Roof: Metal
- Construction materials: Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Country
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Range
Bedroom
- Dimensions: 11 x 10
Bedroom
- Dimensions: 11 x 10
Bedroom
- Dimensions: 9.1 x 8.1
Bedroom
- Dimensions: 12.5 x 9.8
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 2,231
- Total interior livable area: 2,231 sqft
Master Bedroom
- Dimensions: 12 x 12
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp
Details
- Parcel number: 152N090800000G0300
- On leased land: Yes
- Zoning description: City
- Special condition: Listed As-Is
Features
- Patio & porch: Covered,Porch
- Fencing: Partial
Lot
- Lot size: 0.34 Acres
- Features: Paved
- Lot size dimensions: 100 x 150 and 100 x 144
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Strong Wind
- Tornado
- Cold Wave
- Drought
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Calhoun County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,213 | $14,556 |
| Home Insurance * | $79 | $948 |
| Property Taxes | $118 | $1,416 |
| Electricity | $224 | $2,694 |
| Total | $1,634 | $19,608 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-24 | Listed for sale | $240,000 |
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