Contact Information
Wade Elston
Coastal Dwellings LLC
Coastal Dwellings LLC
Mobile Home Park Details
- Price: $699,000
- Cap Rate: 11.0% (Pro Forma)
- Listing ID: 6863384
- Posted On: Apr 6, 2025
- Updated On: Apr 7, 2025
Description
6 unit trailer park, 15 minutes from Tyndall AFB, 5 miles from the beach. 49' above sea level. I live in one of the trailers. If you were to rent that trailer it adds another $14,400. to the rental income, hence proforma income.
Location
Panama City Fl.
Amenities
- Handicap Accessible
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Park Information
| Number of MH Lots: | 1 |
| Total Occupancy: | 95.0 % |
| Year Built: | 91 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $89,600 |
| Operating Expense: | $11,679 |
| Net Operating Income: | $77,921 |
| Expense Ratio: | 13.0 % |
Lot Information
| Singlewide Lots: | 3 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $1,283 |
