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Address is 4200 E Highway 390 Panama City, FL 32404

Cain Mcneil

2018612

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Mill Bayou Mobile Home and RV Park

Mobile Home Park for Sale in Panama City, Florida

4200 E Highway 390
Panama City, FL 32404

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Sale Price: $950,000

Contact Information

Cain Mcneil
2018612

Mobile Home Park for Sale

Size: 4.5 acre(s)
Purchase Method: Cash, Seller Financing
Status: Active
Property ID: 964146
Posted on: Jun 30, 2018
Updated on: Aug 17, 2018
Price: $950,000

Property Description

Excellent income producing mobile home, RV Park and storage property for sale. This property is located on the busy corridor of Highway 390 in Panama City and is zoned commercial. Property totals 4.5 acres and is priced to sell. The property consists of 14 mobile homes (all park owned), 21 RV Pads that stay fully occupied and a boat and RV Storage yard that stays fully occupied. Property currently grosses between $13,500-15,000/monthly. Seller financing is available with $250,000 down amortized over 30 years and the rest of the terms to be determined.. Rent rolls and official income documents will be provided during due diligence. All offers must be accompanied by proof of funds. Call for a breakdown of income and expenses. Value add potential by raising rents to market rate.

Park Information

Total Occupancy:100.0%
Year Built:1980
Size:4.5 acre(s)

Lot Information

Singlewide Lots:14

RV Information

Number of RV Lots:21
Average RV Lot Rent: $365

Utility Information

Water:City
Water Paid By: Tenant - RUBs
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:14
Average Rent for Park-owned Homes: $600

Amenities and Other

Laundromat: Yes
Storage: Yes