$1,500,000

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2318 Dale Avenue Panama City, FL, United States 32405

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 1988
  • Built in 1988
  • Home size: 0 ft2 / 0.00 m2
  • MLS: 776399
  • Status: Pending
Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Counts Real Estate Group, Inc.

(850) 249-3615

Presented by Timothy Carroll

  • (850) 248-3615
  • (850) 248-3615 (Office Phone)

Contact Timothy Carroll

Contact Agent


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