2711 Ormond Ave - Specialty FOR SALE


Panama City, FL 32405
$1,235,000 USD
2711 Ormond Ave, Panama City, FL for Sale
$1,235,000 USD
Specialty - FOR SALE
1/5
null | 14.34% Cap Rate

2711 Ormond Ave
Panama City, FL 32405


HIGHLIGHTS

  • 10 Newer Mobile Homes on 2.41 Acres – Well-maintained mobile home park featuring 10 homes built between 2018-2020 across a 2.41-acre property.
  • Strong Income Potential – Projected gross rent of $16,313/month with an estimated NOI of $177,122/year, offering attractive cash flow.
  • Separate Utility Meters – Each home has its own water and electric meter, helping reduce owner expenses and simplify management.
  • Additional Storage Building – Centrally located storage building provides added functionality for maintenance, equipment, or tenant use.
  • Prime Panama City Location – Conveniently located on Ormond Ave near shopping, restaurants, schools, healthcare, and major employment centers.
  • High-Demand Affordable Housing – Bay County continues to experience strong demand for quality, affordable housing and supporting long-term occupancy

OVERVIEW

Address: 2711 Ormond Ave Panama City, FL 32405 County: Bay County Parcel ID: 12486-000-000 Building size: 11,520 sqft Land size: 2.41 acres Zoning: RLD Layout: 10 Mobile Homes Sewer: Connected Water: City Water. Connected Electric: Connected Road Access: Yes Flood Zone: Yes Wetlands: No Opportunity zone: False All units built between 2018-2020 and have their own water and electric meters. Additional Storage building is located in the center. Rent Info: Potential Gross Rent: $16,313/month Potential NOI: $177,122 Showing property visits by appointment only. Call\ Text to schedule Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes. We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner. All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.

FOR SALE DETAILS

PRICE

$1,235,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

14.34%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2.41 acre Mobile Home Park | Panama City, FL

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

RLD

APN/PARCEL ID

12486-000-000

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