208 N Highway 22 A - Manufactured Housing/Mobile Housing FOR SALE


Panama City, FL 32404
$3,100,000 USD
770-422-4100
208 N Highway 22 A, Panama City, FL for Sale
$3,100,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 7.92% Cap Rate

208 N Highway 22 A
Panama City, FL 32404


HIGHLIGHTS

  • City Utilities (sub metered)
  • Fully Upgraded Infrastructure – Electric, water supply lines, and sewer connections replaced in 2022–2023.
  • Stabilized Core with Value-Add Opportunities
  • Late-Model Housing Inventory – Most POHs are 2022 models or newer, minimizing repair capex.
  • Value-Add Potential – Below-market rents and vacant pads offer clear upside.
  • Efficient Site Mix – 41 MH pads + 1 duplex; 24 POHs in place and 17 vacant pads ready for infill.

OVERVIEW

See attached Offering Memorandum for more Information: Stabilized Core with Value-Add Upside: 41 total pads with 24 pads currently occupied with 2021–2022 model 3 bed / 2 bath POH homes (Legacy & Hamilton Homes), with rents from $1,395 to $1,600/mo. Duplex rents for $1,400/mo. New Infrastructure: Completed in the last 3 years: new sewer lines, full replacement of water lines, underground electric. Roads paved in 2025. Municipal Utilities: City sewer (direct billed), city water (bulk account, sub-metered and billed back), and dumpster trash service ($25/month billed back). · Remote Ready with On-Demand Presence: Ideal setup for investors seeking hands-off operations with part-time or as-needed local support. Path to Increased Revenue: 17 vacant pads with in place utilities offer major upside. At $1,500 average POH rent, full occupancy yields ~$62,900/month or $754,800/year gross income. Exit Flexibility: 24 POH units valued at ~$1,680,000. Option to sell homes individually or maintain for income. Supports hold or resale strategy.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

41

PRICE/UNIT

$75,610

CAP RATE

7.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Callaway Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.64 AC

LAND SF

202,118 SF

ZONING

CLWY23

APN/PARCEL ID

24307-000-000

ASK ABOUT THIS PROPERTY

Ryan RamseurTRiCORE Commercial Real EstateMore Info
770-422-4100

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Ryan RamseurTRiCORE Commercial Real EstateMore Info
770-422-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.