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20966415
20986519

3512 Eagle Lane, Panama City, FL 32404

Keller Williams Success Realty
Listed by Keller Williams Success Realty
$699,000
542 days on market
Updated 348 days ago

3512 Eagle Lane

Details
Property Type Multifamily
Sub Type RV Park, Mobile Home Park
Square Footage 6,570
Year Built 1997
Lot Size (SqFt) 26,136

Multifamily

Marketing description

Investors - take note! This is a rare opportunity to own a high-cash-flow mobile home park generating $76,600 annually in gross rents, with the potential to increase to $91,000 by adjusting rents to include the owner's residence. Situated on a 0.6-acre lot just off Transmitter Road, this park is conveniently located near thriving businesses. The property includes six mobile homes, all of which are currently leased on month-to-month agreements. Updates include all-new metal roofs installed since 2019, new skirting, and additioal improvements throughout the units, enhancing their durability and appeal. Each unit is metered separately, with tenants responsible for paying their own utilities, reducing operating expenses for the owner. 2024 expenses approx. $11,322; 2024 projected NOI for 5 units is $65,278. When including the owners unit (6 units total) possible NOI is $79,678. With a 10%+ CAP rate, this low-maintenance property is primed for stable cash flow and significant ROI. Opportunities like this are rare—contact us today to secure this proven income generator!
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Keller Williams Success Realty
Listed by Keller Williams Success Realty

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