$199,000

8209 Highway 2301 Panama City, FL 32404

Estimated payment $1,154/month

Total Views 24,060
3 Beds
3 Baths
1,470 Sq Ft
$135 Price per Sq Ft

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.

Listing Agent

Melissa Woolard

Beachside Luxury Realty Listed on: 08/13/2022

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

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$829

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Property Sub Type: Manufactured Home
  • Lot Size Acres: 1.81
  • Lot Size: 125 X 415 X 383 X 267
  • Road Frontage Type: County Road
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Mobile Home
  • Property Sub Type Additional: Manufactured Home
  • Special Features: None

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 1470.0
  • Dining Room Type: Bedroom

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Septic Available, Water Available
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Merritt Brown

Lot Info

  • Lot Features: Cleared
  • Lot Size Sq Ft: 78844.0
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 829.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Deer Point
  • High School: Mosley

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Central Panhandle Association of REALTORS®

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Source: Central Panhandle Association of REALTORS®

MLS Number: 730828

Central Panhandle Association of REALTORS®