$870,000
Panama City, FL 32404
MLS# 753443
Status: Sold
6088 sqft
1 / 11
Property Description
Excellent income producing multifamily property in the growing Panama City, FL market. Located near Tyndall Air Force Base the property consists of 12 units. All units are 1/1s with average rents of $800-950/month. Each unit is separately metered for water and electric. Landlord responsibilities are limited to lawncare and trash. Most buildings are concrete block helping with insurance premium cost(s).
Details
Maps
Contract Info
List Price/SqFt: 163.44
List Date: 2024-02-28
List Price: $995,000
Current Price: $870,000
Sub-Type: Multi-Family
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Traveling east on Cherry Street, turn left on Highway 22A, property is on the right.
Area: 02 - Bay County - Central
Street #: 116
Street Direction: N
Street Name: Highway 22 A
State: FL
Zip Code: 32404
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 24546-010-000
Legal Description: 12 4S 14W -213A- 118D4 ST AND BAY DEV CO PLAT COM AT SW COR OF SE 1/4 OF SEC TH N 133.62' E 39.39' FOR POB TH E 210.13' N 195.82' W 210.05' S 195.82' TO POB ORB 4389 P 1487
General Property Info
List Class: Apartment
Acreage: 1.15
Construction Status: Construction Complete
# of Units: 12
SqFt Tot Bldg: 6088
Year Built: 1969
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Excellent income producing multifamily property in the growing Panama City, FL market. Located near Tyndall Air Force Base the property consists of 12 units. All units are 1/1s with average rents of $800-950/month. Each unit is separately metered for water and electric. Landlord responsibilities are limited to lawncare and trash. Most buildings are concrete block helping with insurance premium cost(s).
Status Change Info
Sold Price/SqFt: 142.9
Sold Price/Acre: 756521.74
Status: Sold
Under Contract Date: 2024-03-30
Sold Date: 2024-04-11
Sold Price: $870,000
Financing
Cash: 1
Conventional: 1
Utilities
All Utilities: 1
Electricity - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Floors in Unit/Home
One: 1
Multi-Family
Cap Rate: 8.3
Property Features
Financing: Cash; Conventional
Utilities: All Utilities; Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: CENTURY 21 Commander Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.