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218 N Kimbrel Avenue, Panama City, FL 32404
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| Property Type: | Unimproved Land |
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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. |
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