218 Kimbrel Avenue 4, Panama City, FL 32404
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Priced at Only: $2,800,000
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Address: 218 Kimbrel Avenue 4, Panama City, FL 32404
Property Location and Similar Properties
- MLS#: 769912 ( CommercialSale )
- Street Address: 218 Kimbrel Avenue 4
- Viewed: 51
- Price: $2,800,000
- Price sqft: $234
- Waterfront: No
- Year Built: 2021
- Bldg sqft: 11964
- Days On Market: 30
- 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
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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
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Features
Building and Construction
- Covered Spaces: 0.00
- Fencing: Perimeter
- Living Area: 0.00
- Roof: Shingle
School Information
- High School: Rutherford
- Middle School: Everitt
- School Elementary: Callaway
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir, Electric
- Heating: Central, Electric
- Sewer: PublicSewer
- Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Trash Expense: 0.00
Other Features
- Appliances: ElectricWaterHeater
- 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
- Area Major: 02 - Bay County - Central
- Occupant Type: Occupied
- Parcel Number: 06057-000-000
- Possible Use: MobileHome
- The Range: 0.00
- Views: 51
Nearby Subdivisions

- Christa L. Vivolo
- Tropic Shores Realty
- Office: 352.440.3552
- Mobile: 727.641.8349
- christa.vivolo@gmail.com