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Est. payment /mo
1.5 Acres Lot
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Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Kimbrel Place Estates
MLS Listing ID A12070986
HOA Y/N No
Tax Year 2025
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Other
Property Description
Manufactured housing portfolio consisting of eight parcels located in Panama City and Chipley, Florida. Six parcels are currently income-producing with 27 occupied units generating approximately $489,600 in annual gross rental income. The portfolio also includes two vacant parcels offering future development potential.
The property mix includes newer manufactured housing communities built in 2021 and 2023, providing stabilized cash flow alongside value-add opportunities. Additional upside exists through vacant homes, available pads, expansion land, and an entitled development site in Panama City approved for up to eight additional units.
The portfolio may appeal to investors seeking a combination of current income and future growth potential through infill, expansion, and development opportunities. Contact listing broker for additional information regarding property details, financials, and lease structures.
The property mix includes newer manufactured housing communities built in 2021 and 2023, providing stabilized cash flow alongside value-add opportunities. Additional upside exists through vacant homes, available pads, expansion land, and an entitled development site in Panama City approved for up to eight additional units.
The portfolio may appeal to investors seeking a combination of current income and future growth potential through infill, expansion, and development opportunities. Contact listing broker for additional information regarding property details, financials, and lease structures.
Location
State FL
County Bay
Community Kimbrel Place Estates
Area 5940 Florida Other
Exterior
Private Pool Yes
Building
Faces North
Others
Tax ID 06057-000-000
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12070986
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Listed by APEX Capital Realty LLC
NEARBY SCHOOL & BUSINESS
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