Contact Information

Em Estates
Em Estates LLC

Mobile Home Park Details

  • Price: $400,000
  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 14.9%
  • Listing ID: 2207293
  • Posted On: Mar 23, 2023
  • Updated On: Jun 27, 2023


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


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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

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