For Sale
$790,000

2760 Panhandle Rd Marianna, FL 32446

8-Unit MHP, High NOI, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: This 8-unit mobile home park in Marianna, Florida, presents a compelling value-add proposition. Located at 2760 Panhandle Road, 32446, this Class B property boasts 100% occupancy with long-term tenants, ensuring a stable income stream. Each of the eight units features three bedrooms and two bathrooms. The property generates a strong adjusted Net Operating Income (NOI) of $44,150, translating to an attractive 5.63% capitalization rate. Priced at $790,000, this represents an exceptional price per pad of $98,750. Situated in a predominantly rural area of Jackson County, the park benefits from convenient access to major transportation arteries, including US Highway 90 and Interstate 10, providing easy connections to Tallahassee and Pensacola. The local economy is driven by agriculture, with supporting industries including small-scale manufacturing and service businesses. Marianna offers essential amenities, including schools and healthcare facilities, contributing to the area's overall livability. This property is ideal for investors seeking a stable, income-producing asset with significant upside potential in a growing region. The strong occupancy and consistent NOI make this a low-risk, high-reward investment.

Highlights

  • 100% Occupancy with long-term leases.
  • All units feature three bedrooms and two bathrooms.
  • Adjusted Net Operating Income (NOI) of $44,150.

Property Details for 2760 Panhandle Rd

Property type
Mobile home & RV parks
Class
B
Units
8

Location Insight

City
Marianna
County
Jackson
State
Florida
Latitude
30.7650657
Longitude
-85.1978581

FAQs

What type of property is this?
Mobile home & RV park - 8-Unit MHP, High NOI, Value-Add Opportunity
Where is the mobile home & rv park located?
The property is located at 2760 Panhandle Rd Marianna, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 100% Occupancy with long-term leases.; All units feature three bedrooms and two bathrooms.; Adjusted Net Operating Income (NOI) of $44,150.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2760 Panhandle Rd
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