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- LoopNet Team
4443 Cato Rd
Panama City, FL 32404
Build-to-Rent Property For Sale
·
19,200 sq ft
PROPERTY FACTS
| No. Units | 104 | Property Size | 19,200 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Floors | 1 |
| Costar Property Class | C | Year Built | 1984 |
| Total Plot Size | 3.26 ac | ||
| Use Class | BC16 | ||
| No. Units | 104 |
| Property Type | Build-to-Rent |
| Property Subtype | Manufactured Housing/Mobile Home |
| Costar Property Class | C |
| Total Plot Size | 3.26 ac |
| Property Size | 19,200 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1984 |
| Use Class | BC16 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Rubbish Collection - Kerbside
- Walk-Up
- Smoke Detector
ABOUT 4443 CATO RD , PANAMA CITY, FL 32404
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.
