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6906/6904 Penny Road

Panama City, FL 32404
  • $1,200,000
  • STATUS: Active
  • ON SITE: 385 Days
  • MLS #: 737012
UPDATED: 24 min ago
$1,200,000
  • 0
    BEDS
  • 2.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Manufactured Home
Built:
1974
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

Huge Investment Opportunity on this 2 parcel mobile home park. Currently 10 mobile homes and 1 RV in place all tenant occupied with 2 more mobile home spaces that can be added. Current annual income at $118,440 with very low expenses of $3500/month. On site Manager/Maintenance person, 2 wells, 3 septic and electric power bill of roughly $200/month. Rents range from $600 to $1220/month. All management/maintenance issues are currently addressed very quickly by a highly trusted on-site, tenant/mgr/maintenance person that also collects rents, manages property for owner making this investment perfect as a passive investment for a hands-off owner. Each mobile home has been updated with granite countertops, waterproof vinyl plank flooring, upgraded bathrooms, cabinets and doors. Current owner

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clubbs Real Estate Group LLC. Data last updated: 2024-02-21T22:04:00.81.
www.clubbsresidential.com/homes/136598950
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6906/6904 Penny Road Panama City, FL 32404

  • Price: $1,200,000
  • Status: Active
  • On Site: 385 Days
  • Updated: 24 min ago
  • MLS #: 737012
0
Beds
0
Baths
0
½ Baths
2.6
Acres
1974
Built
Neighborhood:
[No Recorded Subdiv]
County:
Bay
Area:
Bay County-North
Elementary School:
Tommy Smith
Middle School:
Merritt Brown
High School:
Mosley
Property Description
Huge Investment Opportunity on this 2 parcel mobile home park. Currently 10 mobile homes and 1 RV in place all tenant occupied with 2 more mobile home spaces that can be added. Current annual income at $118,440 with very low expenses of $3500/month. On site Manager/Maintenance person, 2 wells, 3 septic and electric power bill of roughly $200/month. Rents range from $600 to $1220/month. All management/maintenance issues are currently addressed very quickly by a highly trusted on-site, tenant/mgr/maintenance person that also collects rents, manages property for owner making this investment perfect as a passive investment for a hands-off owner. Each mobile home has been updated with granite countertops, waterproof vinyl plank flooring, upgraded bathrooms, cabinets and doors. Current owner
Exterior Features

Levels One Stories 1

Property Features

Association YN No Building Area Total 7858 Listing Agreement Exclusive Right To Sell Occupant Type Occupied Property Sub Type Mobile Home Property Sub Type Additional Mobile Home Sewer Septic Tank Utilities Electricity Available Septic Available Waterfront YN No Zoning Description Commercial Resid Multi- Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Realty One Group Emerald Coast: (850) 238-8338. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clubbs Real Estate Group LLC. Data last updated: 2024-02-21T22:04:00.81.
 
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Clubbs Real Estate Group LLC
1103 Fortune Avenue
Panama City FL, 32401