
8209 Highway 2301 Panama City, FL 32404
Estimated payment $1,154/month
Highlights
- No HOA
- A. Crawford Mosley High School Rated A-
- Central Heating and Cooling System
About This Home
Property has 4 addresses. 2 park owned existing mobile homes on property that are leasing for a total of $2080 a month. Expenses are extremely low because of well and septic. All figures and info are supplied by Seller and are not guaranteed and should be verified. Electric is less than $50 a month and Culligan has a water purifier rental for $130 a mo. Taxes are $945 a year or $79 a month. NOI around $21,855 a year giving a Cap Rate of 10.98%. Both units have been extremely well appointed during the rehab process with new kitchen cabinets in both units. Both even have granite kitchen countertops. Unit 8213 up front is a 1bd/1ba. Unit 8211 in back is a 14' wide (not the normal 12) and is a 2bd/2ba. Both bedrooms have their own bathrooms. One even has a garden tub and walk-in closet. Both units have Central HVAC and most appliances are new. Both units have washers and dryers. You'll see the quality and very little deferred maintenance the Seller takes pride in. Seller has another MHP (MLS# 737012) and owns both land and all units. 11 paying rentals located appx 1.5 miles away at 6904 thru 6920 Penny Rd. Asking Price $1.2M. Onsight Manager/Maintenance person takes care of both parks and is extremely trustworthy. Seller offering both properties at $1.4M (savings of appx 100k). Cap Rate is currently 8.08%. The larger park has 2 vacant lots that used to have units on them. Let someone put a unit on each of those vacant lots for $600 per unit raise rents by 7.5% and your total Cap Rate would be 10.06% based on $1.3M sale price. Call today for more details.
Property Details
Home Type
- Mobile/Manufactured
Est. Annual Taxes
- $829
Year Built
- Built in 1980
Lot Details
- 1.81 Acre Lot
- Lot Dimensions are 125 x 415 x 383 x 267
- Property fronts a county road
- Cleared Lot
Home Design
- 1,470 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Schools
- Deer Point Elementary School
- Merritt Brown Middle School
- Mosley High School
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
01/31/2023 01/31/23 | For Sale | $199,000 | 0.0% | $135 / Sq Ft |
11/11/2022 11/11/22 | Off Market | $199,000 | -- | -- |
08/13/2022 08/13/22 | For Sale | $199,000 | -- | $135 / Sq Ft |
Similar Homes in Panama City, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 730828

- 8324 Highway 2301
- 6609 Smith Rd
- 6125 Bay Head Rd
- 8605 Highway 2301
- 0 Highway 2301
- 0 Highway 2301
- 6431 Wolfe Ln
- 8913 Firebird Ln
- 6514 Rogers Dr
- 6109 Shannon Cir
- 5413 Bay Head Rd
- 6836 Davis Rd
- 9108 Ruff Rd
- 9107 Ruff Rd
- 9105 Ruff Rd
- 9106 Ruff Dr
- 9112 Oakridge Ln
- 6047 Jammie Rd
- LOT 1 Newberry Rd
- LOT 13 Newberry Rd
- 7508 Delancey St
- 7119 Riverbrooke St
- 6111 Edith Stephens Dr
- 5910 Nordic Dr
- 5832 Viking Way
- 5817 Viking Way
- 5816 Tiagra Dr
- 5808 Tiagra Dr
- 7300 Ellie B Dr
- 5544 Mars Hill Ln
- 5430 Olympia Dr
- 6621 Slabinski Ln
- 6414 Stoney Point Rd Unit B
- 6702 Atkins Rd
- 5711 Merritt Brown Rd
- 4865 Conner Ln
- 6570 Atkins Rd
- 6472 Slabinski Ln
- 4800 N Star Ave
- 5284 Emma Grace Dr