Income producing mobile home park in the heart of Panama City close to the world’s most beautiful beaches. This is a well-maintained park that includes 8 park owned homes. Of the 8, 4 are rehabbed and occupied with annual leases, 3 have been partially rehabbed and the remaining 1 need mobile homes (they are just land and permitted for single wide units) . The park is located in a nice and quiet neighborhood and park where tenants have been residing as long as 10 years. This is in an excellent central location.
Average rents are $900/unit and some going renting as high as $1100 yet still room to potentially increase based on local average rent and continual value of land and area increasing each year . This is perfect for a new investor or seasoned landlord who wants to focus on a smaller size park.
Seller will consider financing with 35% down and additional terms to be determined.
If interested, please email bayviewmhp@gmail.com.