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$ 1,500,000
Est. payment /mo
Pending
2318 Dale Avenue Panama City, FL 32405
5.9 Acres Lot
UPDATED:
Key Details
Property Type Mobile Home
Sub Type Mobile Home
Listing Status Pending
Purchase Type For Sale
Subdivision Highland City
MLS Listing ID 776399
HOA Y/N No
Year Built 1988
Lot Size 5.900 Acres
Acres 5.9
Property Sub-Type Mobile Home
Property Description
This well-located 40 lot mobile home park offers significant upside potential. Each lot includes individual water, sewer, power, and garbage services--paid directly by tenants. All tenants are on month-to-month agreements, allowing for future rent optimization. Current lot rents are $250/month (increased as of 3/1/25), with opportunity to increase rents further to meet current market rates. Florida Power & Light (FPL) plans to install underground power to each lot in the near future. The property includes two mobile homes (on Lots 29 and 33) that will convey with the sale. There is also potential to develop 3-4 additional lots in the underutilized corner of the park, pending future permits and approvals. This asset presents a rare opportunity for investors seeking stable cash flow with clear paths to increase NOI through rent growth and potential lot expansion. Adjacent house is NOT included but CAN be purchased separately.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
Floor Plan One
Schools
Elementary Schools Cedar Grove
Middle Schools Mowat
High Schools Bay
Others
Tax ID 12783-000-000
Listed by Counts Real Estate Group
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