2318 Dale Avenue Panama City, FL 32405
Mobile Home
MLS #: 776399
Courtesy Of Counts Real Estate Group Inc
Property InformationDescription
This well-located 40 lot mobile home park offers significant upside potential. Each lot includes individual water, sewer, power, and garbage services--paid directly by tenants. All tenants are on month-to-month agreements, allowing for future rent optimization. Current lot rents are $250/month (increased as of 3/1/25), with opportunity to increase rents further to meet current market rates. Florida Power & Light (FPL) plans to install underground power to each lot in the near future. The property includes two mobile homes (on Lots 29 and 33) that will convey with the sale. There is also potential to develop 3-4 additional lots in the underutilized corner of the park, pending future permits and approvals. This asset presents a rare opportunity for investors seeking stable cash flow with clear paths to increase NOI through rent growth and potential lot expansion. Adjacent house is NOT included but CAN be purchased separately.
Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Building Units: 40
- Legal Description: HIGHLAND CITY (8.20) 117B BEG SW COR LOT 8 TH N 590' E 328' S 590' W 328' TO POB BLK 35 ORB 1177 P 1379 and HIGHLAND CITY (8.20) 117B BEG SW COR LOT 8 TH N 590' E 328' S 590' W 328' TO POB BLK 35 ORB 1177 P 1379
- MLSID: 776399
MAP & DIRECTIONS
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