3512 Eagle Ln Panama City, FL 32404
Estimated payment $4,351/month
Total Views
487,347
--
Bed
--
Bath
6,570
Sq Ft
$106
Price per Sq Ft
About This Home
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!
Property Details
Home Type
- Mobile/Manufactured
Year Built
- Built in 1997
Lot Details
- 0.6 Acre Lot
Schools
- Cedar Grove Elementary School
- Merritt Brown Middle School
- Bay High School
Community Details
- No Home Owners Association
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2024 12/11/24 | For Sale | $699,000 | -- | $106 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
About the Listing Agent
Originally from Pennsylvania, Michael Werner joined the Air Force and made the military his first career. Retiring in 2010, after many military relocations, he and his family made Panama City, FL their permanent home. Mike has been a licensed Realtor since 2012 and operates with his real estate assistant and spouse Ilona. They take pride in serving military families, the local community, and investors from all walks of life. Mike is a Top Producer, Top 20% in the Gulf States Region, and
Michael's Other Listings
Source: Central Panhandle Association of REALTORS®
MLS Number: 766104
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