7406 Penny Rd - Manufactured Housing/Mobile Housing FOR SALE


Panama City, FL 32404
$539,500 USD
850-819-0136
7406 Penny Rd, Panama City, FL for Sale
$539,500 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 8.48% Cap Rate

7406 Penny Rd
Panama City, FL 32404


HIGHLIGHTS

  • Four Late-Model Mobile Homes Set Up and in Place
  • Covered Porches & Metal Skirting Upgrades
  • Upgraded Septic System & Pump
  • Gross Income: $60,000+ as-is!

OVERVIEW

This 4-unit Mobile Home Site features four new mobile homes with potential to add after completing a development order with Bay County and obtaining State Licensing. Each unit is separately metered for electric with a covered front patio and premium metal skirting. The park features a top of the line septic system, deep well with variable speed constant pressure pump, and new paved driveways & parking areas. Each home is rented $1,250 per month for a projected annual gross income of $60,000 per year. Perfect for employee housing or as an investment, this opportunity won't last long!

FOR SALE DETAILS

PRICE

$539,500 USD

PRICE/SF

$187 USD /SF

# OF UNITS

4

PRICE/UNIT

$134,875

CAP RATE

8.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penny Road Mobile Homes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

R-2 Bay County

APN/PARCEL ID

05573-010-000

ASK ABOUT THIS PROPERTY

Chris Clubbs, CCIMClubbs Real Estate GroupMore Info
850-819-0136

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Chris Clubbs, CCIMClubbs Real Estate GroupMore Info
850-819-0136

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