4443 Cato Road, Panama City, FL

Others for Sale - $2,650,000


Agent Info

Cain McNeil
CENTURY 21 Commander Realty, Inc.

Property Info

CIMLS#1044613
Location
  4443 Cato Road
  Panama City FL 32404
UpdatedJune 3rd, 2026
TypeOthers
Price$2,650,000

Property 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.


Financials


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