Mobile Home Park with Expansion Potential in Prime Location

USD $1,500,000
2318 South Dale Avenue, Panama City, Florida, 32405, USA

Property Highlights

  • 40 mobile home lots with individual utilities
  • Month-to-month tenant agreements
  • Opportunity for rent increases
  • Underground power installation planned
  • Two mobile homes included in sale
  • Potential to develop 3-4 more lots

Overview

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.
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Property Features

2318 South Dale Avenue, Panama City, Florida, 32405, USA offers the following features:

Property Type: Residential
Status: Pending
Reference ID: 776399

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