Contact Joseph Treanor
Schedule A Showing
218 Kimbrel Avenue 4, Panama City, FL 32404
Priced at Only: $2,800,000
For more Information Call
Mobile: 352.442.9523
Address: 218 Kimbrel Avenue 4, Panama City, FL 32404
Property Photos
Property Location and Similar Properties
- MLS#: 769912 ( CommercialSale )
- Street Address: 218 Kimbrel Avenue 4
- Viewed: 74
- Price: $2,800,000
- Price sqft: $234
- Waterfront: No
- Year Built: 2021
- Bldg sqft: 11964
- Days On Market: 90
- Additional Information
- Geolocation: 30.1499 / -85.5822
- County: BAY
- City: Panama City
- Zipcode: 32404
- Subdivision: [no Recorded Subdiv]
- Elementary School: Callaway
- Middle School: Everitt
- High School: Rutherford
- Provided by: Think Real Estate
- DMCA Notice
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DescriptionThis exceptional mobile home park, permitted for 13 homes, is a fantastic investment opportunity located in a growing area. The property features 12 newly installed homes that were fully rented in 2023 and 2024, providing immediate and stable rental income. Additionally, there are 2 available lots ready for future development or expansion.Key Property Features:Permitted for 13 Homes: 12 new homes installed and rented, with room for expansion on 2 available lotsNew Homes & AC Units: 12 new homes equipped with new AC units installed on platforms elevated 2 feet above the ground for durability and easy maintenanceElectrical Upgrades:12 new power poles with electrical panels installed at each of the 12 homesFlorida Power & Light is in the process of installing new underground electric lines to all homes, with 2 supply boxes and community lighting plannedWater & Sewer:Complete installation of new water lines, sewer lines, and shut off valves in 2023Separate water meters installed for each home, with tenants responsible for city waterStreet & Driveways:Newly paved asphalt street (March 2024) for easy accessPaved driveways installed (March 2024) for all homesPrivacy & Security: A new wood fence surrounds the entire perimeter of the property, providing both privacy and securityLighting & Aesthetics:Solar lighting installed at the front of each homeHigh quality skirting around each home, installed to a higher standard than most in FloridaTwo sets of steps at each home for tenant convenienceAdditional Highlights:Turnkey Investment: With all 12 homes rented and ready to generate income, this property is a profitable, hassle free investmentExpansion Potential: With 2 additional available lots, you can easily add more homes to increase rental income in the futurePrime Location: Conveniently located with easy access to local amenities, schools, and transportation routesWith a cap rate of 7.81%, this mobile home park offers a unique opportunity for investors to acquire a property with newly constructed homes and significant infrastructure upgrades. The improvements made in 2023 and 2024 ensure minimal ongoing maintenance, making this a low risk, high return investment.Seller has two other properties for sale as weill. 420/428 Berthe Avenue and 2630/2650 Blocker Church Road
Features
Possible Terms
- Cash
- Conventional
Appliances
- ElectricWaterHeater
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- CentralAir
- Electric
Covered Spaces
- 0.00
Fencing
- Perimeter
Garage Spaces
- 0.00
Heating
- Central
- Electric
High School
- Rutherford
Insurance Expense
- 0.00
Legal Description
- 7 4S 13W -29.1-131C4 COM SW COR W1/2 OF SW1/4 OF NW1/4OF SE1/4 OF SEC N 150' TO POB E 298.1' N 310' TO C. L. DITCH SW TO PT 125' N OF POB TH S 125' TO POB & 51.5' ON E SIDE ORB 3986 P 1388
Levels
- One
Living Area
- 0.00
Middle School
- Everitt
Area Major
- 02 - Bay County - Central
Net Operating Income
- 0.00
Occupant Type
- Occupied
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 06057-000-000
Pet Deposit
- 0.00
Possible Use
- MobileHome
Property Type
- CommercialSale
Roof
- Shingle
School Elementary
- Callaway
Security Deposit
- 0.00
Sewer
- PublicSewer
The Range
- 0.00
Trash Expense
- 0.00
Utilities
- ElectricityAvailable
- SewerAvailable
- WaterAvailable
Views
- 74
Water Source
- Public
Year Built
- 2021

- Joseph Treanor
- Tropic Shores Realty
- If I can't buy it, I'll sell it!
- Mobile: 352.442.9523
- 352.442.9523
- joe@jetsellsflorida.com