2408-2412 Dorothy Ave, Panama City Beach, FL 32408

GREAT INVESTMENT OPPORTUNITY – HUNTER MOBILE HOME PARK IN THE HEART OF PANAMA CITY BEACH, FLORIDA. PROPERTY CURRENTLY HAS 3 PARK OWNED MOBILE HOMES, ALL OF WHICH ARE RENTED, AND 2 ADDITIONAL VACANT LOTS WITH POTENTIAL INCREASE IN INCOME BY RENTING THE LOTS ($450 PER MONTH), OR ADDING MOBILE HOMES TO THEM. EACH MOBILE HOME HAS 2 BEDROOMS AND 1 BATH. BASED ON SIMILAR RENTALS IN THE AREA, THE MOBILE HOMES WILL RENT FOR $1,000+ OR MORE. THIS PROPERTY ALSO HAS POTENTIAL DEVELOPMENT OPPORTUNITY. THE LAND ALONE IS WORTH THE ASKING PRICE! THE DIMENSIONS OF THE PROPERTY ARE 150’ X 190’ (28,500 SQ. FT.) WHICH INCLUDES ALL FOUR PARCELS. PROPERTY IS CONVENIENTLY LOCATED CLOSE TO EVERYTHING, SHOPPING, BANKING, CHURCHES, ZOO, AND OTHER ACTIVITIES, MORE IMPORTANTLY, IT’S ONLY 1.5 MILES TO THE BEAUTIFUL SHORES OF PANAMA CITY BEACH, FLORIDA. HARD TO FIND A PROPERTY THIS CLOSE TO THE BEACH AT THIS PRICE! $295k. PROPERTY INFO: • The current tenants are on a month-to-month rental and are aware that the park is for sale. • Each mobile home has 2 bedrooms and 1 bath. • The two vacant pads do have hookups and power poles. • A 12’x16’ storage building conveys with the sale of the property. • Property taxes on the four parcels average $400 each per year. • The water and garbage are included in the rent and average approximately $50 per month. • Electricity for the security light and lift stations is approx. $35 per month. • Yard service is included to ensure the appearance of the park is maintained. • The mobile home park permit is $100 annually which is due in September each year (issued by the Health Department). • The permit must be kept current in order to add mobile homes per the supervisor of planning and zoning (as verified in an e-mail from said supervisor). • The park is on city water, the sewage is on a septic system. • There are two septic tanks and lift stations • The units have been renovated and repairs are done as needed. • Cool seal is applied to the roofs every 1-2 years. • The property is reasonably priced compared to comps in the area. • There is no mortgage on the property. • Any outstanding taxes will be paid at closing. • The asking price is $295k “as is”. • No owner financing.