33-Space Mobile Home Park - for Sale in Panama City, Florida

Panama City, FL View on Map

Sale Price: $1,050,000

Seller Information

Arell Holloway
S.W.P.

Mobile Home Park for Sale

Number of MH Lots: 33
Status: Active
Property ID: 12546
Posted on: Jun 02, 2010
Updated on: Oct 19, 2010
Price: $1,050,000

Property Description

UPDATED and Back on the Market from being under contract in 2005/2006. Panhandle Florida Mobile Home Park For Sale! Excellent Investment Opportunity! This 33-pad mobile home park in Panama City, Florida. sits on 4.79 acres of land on the 4-lane USHwy-98 and was officially appraised in 2005 for $935,000 Net Operating Income is $90,000. Mobile Home Park income averaged gross $11,900 over past 36 months and the average gross over the last 12 month is $13,900. Broker Evaluation in July 04 was over 1.1 Million. Potential monthly income average $16,000 PLUS additional growth potential! List Price $1,050,000. Owner will consider some owner financing on this property.

Confidentiality Agreement requested at: http://hometown.aol.com/sowoatlanta/CA.html.

Park Information

Number of MH Lots:33

Financial Information

Net Operating Income$90,000
Debt Info