$375,000
Panama City, FL 32404
MLS# 785666
Status: Pending
5556 sqft
1 / 12
Property Description
Income producing mobile home park in a great central location. The property is licensed for 7 lots. Presently 5 of the 7 lots are occupied with 4 park owned homes and 1 tenant owned home paying lot rent. The park owned homes are 2020 built 3 bed 2 baths. Excellent value add opportunity with strong cash flow already in place.
Details
Maps
Contract Info
List Price/SqFt: 67.49
List Date: 2026-02-22
List Price: $375,000
Current Price: $375,000
Sub-Type: Mobile Home Park
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Traveling south on Hwy 98 through Callaway turn right on Hwy 22, turn left on Bob Little, turn right on Alameda St, property is on the right.
Area: 02 - Bay County - Central
Street #: 4905
Street Name: Alameda
Street Suffix: Street
State: FL
Zip Code: 32404
County: Bay
Subdivision: Thousand Oaks
Parcel ID: 24818-000-000
Legal Description: THOUSAND OAKS 118D3 LOTS 19,20,21,22 & 23 BLK 1 ORB 4099 P 2159
General Property Info
List Class: RV/Mobile Park
Acreage: 0.86
Construction Status: Construction Complete
SqFt Tot Bldg: 5556
Year Built: 1975
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Income producing mobile home park in a great central location. The property is licensed for 7 lots. Presently 5 of the 7 lots are occupied with 4 park owned homes and 1 tenant owned home paying lot rent. The park owned homes are 2020 built 3 bed 2 baths. Excellent value add opportunity with strong cash flow already in place.
Financing
Cash: 1
Conventional: 1
Utilities
Other - See Remarks: 1
Floors in Unit/Home
One: 1
Mobile Home Park
Actual Gross Income: 25200
Expenses: 3780
Net Operating Income: 21420
Cap Rate: 10.7
Status Change Info
Status: Pending
Under Contract Date: 2026-06-02
Property Features
Financing: Cash; Conventional
Utilities: Other - See Remarks
Listing Office: CENTURY 21 Commander Realty
Last Updated: June - 02 - 2026
Information deemed reliable but not guaranteed.