728 S Highway 22 A, Panama City, FL 32404 (MLS# 679979)

728 S Highway 22 A, Panama City, FL 32404

$800,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 324,958 Status: Sold

Current Price: $800,000 List Date: 2/05/2019 Last Modified: 10/04/2024

Overview

Description

Excellent opportunity to own an income producing mobile home park. Situated on 7.464 acres with 38 mobile homes sites and one single family house this property provides a unique opportunity to diversify one’s portfolio. The property consists of 23 tenant owned homes and 9 FEMA lot rentals all paying lot rent from $290-350/monthly. Owner’s expenses are limited consisting of garbage pick up, property taxes and 5% property management fee. Each unit has separate meters for electric and municipal water/sewer. Property grosses approximately $12,000 in monthly revenue.

Listing Details MLS# 679979

Contract Info

Sub-Type: Mobile Home Park

Location

Area: 02 – Bay County – Central
Street #: 728
Street Direction: S
Street Name: Highway 22 A
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 24975-000-000
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Traveling on East Business Highway 98, turn North on S Highway 22 A, property is on the left.
Legal Description: 13 4S 14W -47- BEG 633' N & 40' W OF SE COR OF SE1/4 OF SW1/4 TH N 353' W 621.5' S 568' E 318' S 45' E 147.5' N 260' E 156' TO POB ** AND ** BEG 40' W & 633' N OF SE COR OF SW1/4 TH S 28' W 80' SWLY 100.02' N 86.78' E 156' TO POB ORB 3340 P 2109

General Property Info

List Class: RV/Mobile Park
Construction Status: Construction Complete
Acreage: 7.46
Year Built: 1980
SqFt Tot Bldg: 0

Status Change Info

Under Contract Date: 2019-04-10
Sold Date: 2019-06-10
Sold Price/Acre: 107238.61

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Excellent opportunity to own an income producing mobile home park. Situated on 7.464 acres with 38 mobile homes sites and one single family house this property provides a unique opportunity to diversify one's portfolio. The property consists of 23 tenant owned homes and 9 FEMA lot rentals all paying lot rent from $290-350/monthly. Owner's expenses are limited consisting of garbage pick up, property taxes and 5% property management fee. Each unit has separate meters for electric and municipal water/sewer. Property grosses approximately $12,000 in monthly revenue.

More Information

Financing

Conventional: Yes

Floors in Unit/Home

One: Yes

Property Features

Financing: Conventional

Listing Office: CENTURY 21 Commander Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.