2318 Dale Ave Panama City, FL 32405
Estimated payment $9,808/month
About This Home
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.
Property Details
Home Type
- Mobile/Manufactured
Year Built
- Built in 1988
Schools
- Cedar Grove Elementary School
- Mowat Middle School
- Bay High School
Additional Features
- 1-Story Property
- 5.9 Acre Lot
Community Details
- No Home Owners Association
- 40 Units
- Highland City Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/08/2025 07/08/25 | For Sale | $1,500,000 | -- | -- |
Source: Central Panhandle Association of REALTORS®
MLS Number: 776399

APN: 12782-000-000
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