Current Use by Public Records
- Mobile home & RV parks
Property Details for 2760 Panhandle Rd
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marianna
- County
- Jackson
- State
- Florida
- Longitude
- -85.1979
- Latitude
- 30.7651
