Panama City, FL Apartment Buildings for Sale

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4200 Cr 390

Panama City, FL 32404

Multi-Family

$1,400,000Size Upon Req.

Solid Investment opportunity with strong cash flow for Ammons RV & Mobile home park located in a excellent growth area directly across from the newly constructed Bay Haven Charter school and Horton Homes new subdivision. The park consist of (35) RV sites, (14) park owned homes, 45 travel home & boat storage rentals, laundry & bath building, small frame home & 1800 SF double wide in which the owner resides. The park has average yearly gross rents of $180-190k, yearly expenses run approximately $55-60k, net yearly income approximately $120,000. There is some undeveloped land for park expansion. The park is zoned Commerical-3 which makes it ideal for future redevelopment as this part of 390 East continues to expand with new development. Park has public water & (11) septic systems. RV sites average rent is $350 per month, landlord pays all utilities. Mobile homes are individually metered for electricity in which the tenant pays. Seller states these are accurate income & expense figures for buyer to make offer, seller will provide actual historical (3) year income & expenses during due diligence period. Seller may divide. All information deemed reliable, please verify for accuracy

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409 Airport Road

Panama City, FL 32405

Multi-Family

$439,000Size Upon Req.

" 15 mobile homes and 1 single family rental property available on 1.60 acres " Zoning: General Commercial 2 " Adequate parking available " Tax ID#: 14283-000-000/ 14282-000-000

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1613 Fairy Avenue

Panama City, FL 32405

Multi-Family

$215,0003,000 SF

4-UNIT APARTMENT BUILDING, ALL ARE 2 BEDROOM 1 BATH. UNITS CURRENTLY RENT FOR $495 PER MONTH

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6604 Tillman Road

Southport, FL 32409

Multi-Family

$122,000Size Upon Req.

This mobile home park is very well maintained and rents well. The park includes 3 owned homes and 5 lot rentals. Currently the three homes are rented and two of the pads are rented. Monthly gross income is $2,040.00. Landlord pays for Common area electric ($50 mos) and garbage ($70 mos). The neighborhood is good and the park is very close to everything. This is a good income opportunity with even greater potential for future values.Sale includes two parcels 08492-022-000 and 08492-023-000.

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518 Everett Avenue

Panama City, FL 32401

Multi-Family

$869,000Size Upon Req.

100 Lot mobile home park separately metered for public water, sewer & electricity. Tenants pay their own utilities. Lot rentals average $215 per month, there are three park owned homes. Landlord expenses are minimal and only responsible for street light expense, property taxes, maintenance of paved streets. Huge upside in this park by purchasing used mobile homes and offering rent to own type leases. Average purchase and setup cost of a used mobile home is around $10-15k per home. Average rents for rental homes would be between $550-650 per month. This offering is most likely not financeable through a conventional lender. Seller ask all offers be cash only with no financing contingencies. All information deemed reliable, please verify for accuracy during due diligence period.

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295 Nelle Street

Panama City, FL 32404

Multi-Family

$4,400,00082,816 SF

Ava Kay Townhomes is a 64 unit out of 68 unit Class-B townhome community located in beautiful Panama City, which is within Bay County, Florida. The property is situated on Nellie Street with frontage on major east/west thoroughfare, Wewa Highway, which offers connectivity to the entire Panama City MSA, downtown area, and world famous gulf coast beaches. Built in 2007, Ava Kay Townhomes is situated on an attractive 4.54 +/- acre site, and is comprised of 17 two-story residential buildings. The property also offers a competitive amenity package, which includes, but is not limited to, additional storage, children' s playground, large picnic area with barbecue grills, and serene wooded views. The unit interiors also feature washer/dryer connections in all units, fully equipped kitchens with dishwashers and microwaves, ceiling fans, spacious walk-in closets, and private patios or balconies. Ava Kay Townhomes offers a variety of spacious, open floorplans consisting of entirely three-bedroom/two-bathroom units with 1,294 rentable square feet.

Panama City, FL Apartment Buildings for Sale

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