$699,000

3512 Eagle Lane, Panama City, FL 32404

  • 6,570 sqft
  • Property Icon Manufactured Home
  • Property Year Built Icon Built in 1997
  • Property Lot Size Icon0.6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $106/sqft
  • Property List Date Icon Listed 11 months ago

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!

Listing Status:
Active
Date Added:
December 12, 2024 at 06:00AM
Listing Office:
Keller Williams Success Realty : 850-249-0313
MLS ID:
766104
  • Originating MLS: CPAR_CPAR
  • County: Bay
  • Zoning: PINEWOOD GROVE UNIT 2 LOTS 12 & 3 BLK C ORB 4103 P 153111918-254-000
  • Utilities: Sewer Available
  • Sewer: Public Sewer
  • Source: CPAR_CPAR

This listing courtesy of Keller Williams Success Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cedar Grove Elementary School

2826 E 15th St, Panama City, FL, 32405

Grades PK-5

2.06 miles away

B

Bay Haven Charter Middle School

2501 Hawks Landing Blvd, Panama City, FL, 32405

Grades 6-8

1.48 miles away

N

North Bay Haven Career Academy

1 Buccaneer Dr, Panama City, FL, 32404

Grades 9-12

2.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.