$800,000
Panama City, FL 32404
MLS# 679979
Status: Sold
1 / 7
Property Description
Excellent opportunity to own an income producing mobile home park. Situated on 7.464 acres with 38 mobile homes sites and one single family house this property provides a unique opportunity to diversify one's portfolio. The property consists of 23 tenant owned homes and 9 FEMA lot rentals all paying lot rent from $290-350/monthly. Owner's expenses are limited consisting of garbage pick up, property taxes and 5% property management fee. Each unit has separate meters for electric and municipal water/sewer. Property grosses approximately $12,000 in monthly revenue.
Details
Maps
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Traveling on East Business Highway 98, turn North on S Highway 22 A, property is on the left.
Area: 02 - Bay County - Central
Street #: 728
Street Direction: S
Street Name: Highway 22 A
State: FL
Zip Code: 32404
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 24975-000-000
Legal Description: 13 4S 14W -47- BEG 633' N & 40' W OF SE COR OF SE1/4 OF SW1/4 TH N 353' W 621.5' S 568' E 318' S 45' E 147.5' N 260' E 156' TO POB ** AND ** BEG 40' W & 633' N OF SE COR OF SW1/4 TH S 28' W 80' SWLY 100.02' N 86.78' E 156' TO POB ORB 3340 P 2109
General Property Info
List Class: RV/Mobile Park
Acreage: 7.46
Construction Status: Construction Complete
SqFt Tot Bldg: 0
Year Built: 1980
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Excellent opportunity to own an income producing mobile home park. Situated on 7.464 acres with 38 mobile homes sites and one single family house this property provides a unique opportunity to diversify one's portfolio. The property consists of 23 tenant owned homes and 9 FEMA lot rentals all paying lot rent from $290-350/monthly. Owner's expenses are limited consisting of garbage pick up, property taxes and 5% property management fee. Each unit has separate meters for electric and municipal water/sewer. Property grosses approximately $12,000 in monthly revenue.
Status Change Info
Sold Price/Acre: 107238.61
Status: Sold
Under Contract Date: 2019-04-10
Sold Date: 2019-06-10
Sold Price: $800,000
Financing
Conventional: 1
Floors in Unit/Home
One: 1
Contract Info
List Date: 2019-02-05
List Price: $975,000
Current Price: $800,000
Sub-Type: Mobile Home Park
Property Features
Financing: Conventional
Listing Office: CENTURY 21 Commander Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.