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Callaway Mobile Home Park 208 N Highway 22 A 41 Unit Mobile Home Park $4,291,950 CAD ($104,682 CAD/Unit) 7.92% Cap Rate Panama City, FL 32404
INVESTMENT HIGHLIGHTS
- City Utilities (sub metered)
- Stabilized Core with Value-Add Opportunities
- Value-Add Potential – Below-market rents and vacant pads offer clear upside.
- Fully Upgraded Infrastructure – Electric, water supply lines, and sewer connections replaced in 2022–2023.
- Late-Model Housing Inventory – Most POHs are 2022 models or newer, minimizing repair capex.
- Efficient Site Mix – 41 MH pads + 1 duplex; 24 POHs in place and 17 vacant pads ready for infill.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,291,950 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $104,682 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 4.64 AC |
| Cap Rate | 7.92% | Building Size | 202,118 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 41 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1997 |
| Zoning | CLWY23 - Residential | ||
| Price | $4,291,950 CAD |
| Price Per Unit | $104,682 CAD |
| Sale Type | Investment |
| Cap Rate | 7.92% |
| Sale Condition | Business Value Included |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.64 AC |
| Building Size | 202,118 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1997 |
| Zoning | CLWY23 - Residential |
ABOUT 208 N HIGHWAY 22 A , PANAMA CITY, FL 32404
See attached Offering Memorandum for more Information: Stabilized Core with Value-Add Upside: 41 total pads with 24 pads currently occupied with 2021–2022 model 3 bed / 2 bath POH homes (Legacy & Hamilton Homes), with rents from $1,395 to $1,600/mo. Duplex rents for $1,400/mo. New Infrastructure: Completed in the last 3 years: new sewer lines, full replacement of water lines, underground electric. Roads paved in 2025. Municipal Utilities: City sewer (direct billed), city water (bulk account, sub-metered and billed back), and dumpster trash service ($25/month billed back). · Remote Ready with On-Demand Presence: Ideal setup for investors seeking hands-off operations with part-time or as-needed local support. Path to Increased Revenue: 17 vacant pads with in place utilities offer major upside. At $1,500 average POH rent, full occupancy yields ~$62,900/month or $754,800/year gross income. Exit Flexibility: 24 POH units valued at ~$1,680,000. Option to sell homes individually or maintain for income. Supports hold or resale strategy.
Presented by
Callaway Mobile Home Park | 208 N Highway 22 A
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