Loading images

4443 Cato Road Panama City, FL 32404

  • Lot Size: 16.55 acres
Get Directions Google Maps Direction

Commercial-Active $ 3,041,000

MLS#: 680572

Courtesy of: Century 21 Commander Realty

  • Save

  • Showing

  • Info

Get Direction

Description

Incredible opportunity to purchase a well run business from a retiring landlord. This portfolio consists of 104 mobile home lots, and 10 single family homes spread amongst 4 sites all within 7.5 miles of each other. Properties are managed by the same management company at 5% of gross revenue. Each site was 100% occupied with tenant owned homes prior to Hurricane Michael. Presently 61 of the 104 sites are occupied with tenant owned homes. The majority of the sites have separate water/sewer meters with direct billed utilities to the tenants. Seller's expenses are limited to rubbish pick up, property taxes and property management. Seller does pay for water at 4443 Cato Road. Site locations are 728 S Highway 22 A, 208 N Highway 22 A, 628 N Highway 22 A, and 4443 Cato Road.

Specifications


    Listing Info, Tax and Legal


  • No

    General Property Info


  • 16.55
  • RV/Mobile Park
  • Construction Complete
  • 1

    Location


  • Traveling north on Highway 231, left on Cato Road, property is on the left.
  • Merritt Brown
  • Tommy Smith
  • No
  • 0201 - Bay - Central NE

Map View

Map View

    • Acreage : 16.55
    • List Class : RV/Mobile Park
    • Construction Status : Construction Complete
    • Stories : 1
    • Directions : Traveling north on Highway 231, left on Cato Road, property is on the left.
    • Middle School : Merritt Brown
    • Elementary School : Tommy Smith
    • Waterfront : No
    • Sub Area : 0201 - Bay - Central NE
    • High School : Mosley
    • Community/Resort : None
    • Other - See Remarks
    • Conventional
    • Cash