PANAMA CITY / CHIPLEY (MHP) 1 Land Properties in Chipley, FL

Apex Capital Realty is pleased to present the Panama City/Chipley Manufactured Housing Portfolio, an eight-parcel manufactured-housing offering across two Northwest Florida
markets, combining new, stabilized cash flow with hands-on value-add upside. Six parcels are income-producing today, 27 occupied units and homes generating $489,600 in gross
annual rent, while two additional parcels (an entitled Panama City development site and an adjacent vacant Chipley lot) carry no current income and represent pure upside.
The portfolio is anchored by newer, stabilized product: a 12-unit community built in 2021 on Kimbrel Avenue and a 9-unit community of 2023-era mobile homes on Berthe Avenue
together produce roughly 83% of in-place gross income and underwrite cleanly for financing. The Chipley cluster adds a vintage, value-add layer, a licensed eight-space park, a two-lot parcel, and a two-lot Highway 77 site, each with vacant homes, empty pads, and expansion land that generate upside not counted in current income.
This is an operator’s portfolio, ideally suited to a local, operations-minded owner: in-place yield today, plus three distinct infill and development levers, a ready infill pad on the anchor
parcel, six open spaces across the Chipley cluster, and a shovel-ready entitled site in Panama City good for eight additional units. It is also, quite simply, scarce: recorded park trades in
the Panhandle are rare, and none in recent years has involved new-construction product.