Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 14.9% (Actual)
- Listing ID: 2207293
- Posted On: Mar 23, 2023
- Updated On: Jun 2, 2025
Description
Income producing mobile home park in the heart of Panama City close to the world’s most beautiful beaches. This is a well-maintained park that includes 8 park owned homes. Of the 8, 4 are rehabbed and occupied with annual leases, 3 have been partially rehabbed and the remaining 1 need mobile homes (they are just land and permitted for single wide units) . The park is located in a nice and quiet neighborhood and park where tenants have been residing as long as 10 years. This is in an excellent central location.
Average rents are $900/unit and some going renting as high as $1100 yet still room to potentially increase based on local average rent and continual value of land and area increasing each year . This is perfect for a new investor or seasoned landlord who wants to focus on a smaller size park.
Seller will consider financing with 35% down and additional terms to be determined.
If interested, please email bayviewmhp@gmail.com.
Amenities
- Handicap Accessible
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $950 |
Financial Information (Actual)
| Gross Income: | $45,600 |
| Operating Expense: | $4,980 |
| Net Operating Income: | $45,185 |
| Expense Ratio: | 10.9 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $950 |