3512 Eagle LN Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32404
Key Details
Property Type Mobile Home
Sub Type Mobile Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,570 sqft
Price per Sqft $106
Subdivision [No Recorded Subdiv]
MLS Listing ID 766104
Year Built 1997
Lot Size 0.600 Acres
Property Sub-Type Mobile Home
Property Description
Investors - take note! This is a rare opportunity to own a high-cash-flow mobile home park generating $76,600 annually in gross rents, with the potential to increase to $91,000 by adjusting rents to include the owner's residence. Situated on a 0.6-acre lot just off Transmitter Road, this park is conveniently located near thriving businesses. The property includes six mobile homes, all of which are currently leased on month-to-month agreements. Updates include all-new metal roofs installed since 2019, new skirting, and additioal improvements throughout the units, enhancing their durability and appeal. Each unit is metered separately, with tenants responsible for paying their own utilities, reducing operating expenses for the owner. 2024 expenses approx. $11,322; 2024 projected NOI for 5 units is $65,278. When including the owners unit (6 units total) possible NOI is $79,678. With a 10%+ CAP rate, this low-maintenance property is primed for stable cash flow and significant ROI. Opportunities like this are rare—contact us today to secure this proven income generator!
Location
State FL
County Bay
Area 02 - Bay County - Central
Exterior
Utilities Available Sewer Available,Water Connected
Building
Sewer Public Sewer
Schools
Elementary Schools Cedar Grove
Middle Schools Merritt Brown
High Schools Bay
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listed As-Is