Homes for sale - 3512 Eagle LN, Panama City, FL 32404

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SimpliHŌM - Making Real Estate Simple

support@simplihom.com +1(855) 856-9466

$ 699,000

Est. payment | -/mo

0.6 Acres Lot

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$ 699,000

Est. payment | -/mo

Save

0.6 Acres Lot

Key Details

Property Type Mobile Home

Sub Type Mobile Home

Listing Status Active

Purchase Type For Sale

Subdivision [No Recorded Subdiv]

MLS Listing ID 766104

HOA Y/N No

Year Built 1997

Lot Size 0.600 Acres

Acres 0.6

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!

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Cooling Window Unit(s), WallWindow Unit(s)

Fireplace No

Exterior

Utilities Available Sewer Available, Water Available

Roof Type Metal

Building

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Cedar Grove

Middle Schools Merritt Brown

High Schools Bay

Others

Tax ID 11918-254-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by Keller Williams Success Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(855) 856-9466

support@simplihom.com

3512 Eagle LN Panama City, FL 32404