Call Now: Mobile: 904.248.9848

Wade M. Berlin

ABR,BrkrAssc,CNE,CPM,FSSR,GAA,LLC,PMN,REALTOR ®,SRES
Broker IDX Sites Inc.
The Real Estate Professional You Deserve
Property Photos
3512 Eagle Lane
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PRICED AT ONLY: $699,000

Address: 3512 Eagle Lane, Panama City, FL 32404

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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  • MLS#: 766104 ( CommercialSale )
  • Street Address: 3512 Eagle Lane
  • Viewed: 48
  • Price: $699,000
  • Price sqft: $106
  • Waterfront: No
  • Year Built: 1997
  • Bldg sqft: 6570
  • Days On Market: 274
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Roof: Metal
School Information
  • High School: Bay
  • Middle School: Merritt Brown
  • School Elementary: Cedar Grove
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: WindowUnits, WallWindowUnits
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: PINEWOOD GROVE UNIT 2 LOTS 1, 2 & 3 BLK C ORB 4103 P 1531
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 11918-254-000
  • Possible Use: MobileHome
  • The Range: 0.00
  • Views: 48

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin