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Penny Road Mobile Homes 7406 Penny Rd 4 Unit Mobile Home Park $539,500 ($134,875/Unit) 8.48% Cap Rate Panama City, FL 32404
Investment Highlights
- Four Late-Model Mobile Homes Set Up and in Place
- Upgraded Septic System & Pump
- Covered Porches & Metal Skirting Upgrades
- Gross Income: $60,000+ as-is!
Executive Summary
This 4-unit Mobile Home Site features four new mobile homes with potential to add after completing a development order with Bay County and obtaining State Licensing. Each unit is separately metered for electric with a covered front patio and premium metal skirting. The park features a top of the line septic system, deep well with variable speed constant pressure pump, and new paved driveways & parking areas. Each home is rented $1,250 per month for a projected annual gross income of $60,000 per year. Perfect for employee housing or as an investment, this opportunity won't last long!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $539,500 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $134,875 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.48% | Lot Size | 1.41 AC |
| Gross Rent Multiplier | 8.99 | Building Size | 2,880 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Zoning | R-2 Bay County | ||
| Price | $539,500 |
| Price Per Unit | $134,875 |
| Sale Type | Investment |
| Cap Rate | 8.48% |
| Gross Rent Multiplier | 8.99 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 2,880 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Zoning | R-2 Bay County |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,250 | - |
1 1
Property Taxes
| Parcel Number | 05573-010-000 | Total Assessment | $25,932 (2025) |
| Land Assessment | $25,932 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
05573-010-000
Land Assessment
$25,932 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$25,932 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Penny Road Mobile Homes | 7406 Penny Rd
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