Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
3512 Eagle Lane, Panama City, FL 32404
  • MLS#: 766104 ( CommercialSale )
  • Street Address: 3512 Eagle Lane
  • Viewed: 29
  • Price: $699,000
  • Price sqft: $106
  • Waterfront: No
  • Year Built: 1997
  • Bldg sqft: 6570
  • Days On Market: 69
  • Additional Information
  • Geolocation: 30.2012 / -85.6068
  • County: BAY
  • City: Panama City
  • Zipcode: 32404
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cedar Grove
  • Middle School: Merritt Brown
  • High School: Bay
  • Provided by: Keller Williams Success Realty
  • DMCA Notice
  • 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!
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Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. WindowUnits
  2. WallWindowUnits
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. PINEWOOD GROVE UNIT 2 LOTS 1
  2. 2 & 3 BLK C ORB 4103 P 1531
Levels
  1. One
Living Area
  1. 0.00
Middle School
  1. Merritt Brown
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 11918-254-000
Pet Deposit
  1. 0.00
Possible Use
  1. MobileHome
Property Type
  1. CommercialSale
Roof
  1. Metal
School Elementary
  1. Cedar Grove
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. SewerAvailable
  2. WaterAvailable
Views
  1. 29
Water Source
  1. Public
Year Built
  1. 1997
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177