$750,000
Panama City, FL 32401
MLS# 637340
Status: Sold
13716 sqft
1 / 8
Property Description
Oakmont Apartments - 3 parcels priced $200K below appraised value. 14 2BR/1BA units and 1 small office with 1BA. 100% occupancy. Bldg A built in 1981, 5454 sqft, 6 units, .50 acre. Bldg B built in 1983, 7664 sqft, 8 units, .84 acre. 2.12 acre vacant land zoned Mixed Use Three also included. Mixed Use Three allows single family, duplex, triplex, quadraplex and apartments-twenty units per acre. All units rented at $600/mo, generating $8,400 in gross monthly income. Units contain, fridge, stove/oven, microwave, dishwasher & washer/dryer hook-ups. Property appraised at $1.2 million in July 2015.
Details
Maps
Contract Info
List Price/SqFt: 65.25
List Date: 2015-10-23
List Price: $895,000
Current Price: $750,000
Sub-Type: Multi-Family
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Elementary School: Oakland Terrace
Middle School: Jinks
High School: Bay
Directions: From HWY 98, head South on Frankford Avenue. Land followed by apartments will be on the right, extending from the corner of 14th Street to the corner of 13th Street.
Area: 02 - Bay County - Central
Street #: 1301
Street Name: FRANKFORD
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 29725-000-000
Legal Description: Parcel ID: 29726-000-0001 4S 15W NE1/4 LOTS 8, 9 & LOT 11 LESS S 41' ORB 3484 P 166 BLK 16
Parcel ID: 29725-000-000 1 4S 15W NE1/4 LOTS 6,7,12 & 13 BLK 16ORB 3484 P 166
Parcel ID: 29724-000-000 1 4S 15W NE1/4 LOTS 1 THRU 5 INC. & 14 THRU 18 INC BLK 16ORB 3484 P 166
General Property Info
List Class: Apartment
Acreage: 3.47
Construction Status: Construction Complete
# of Units: 14
SqFt HVAC: 13118
SqFt Tot Bldg: 13716
Year Built: 1981
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Oakmont Apartments - 3 parcels priced $200K below appraised value. 14 2BR/1BA units and 1 small office with 1BA. 100% occupancy. Bldg A built in 1981, 5454 sqft, 6 units, .50 acre. Bldg B built in 1983, 7664 sqft, 8 units, .84 acre. 2.12 acre vacant land zoned Mixed Use Three also included. Mixed Use Three allows single family, duplex, triplex, quadraplex and apartments-twenty units per acre. All units rented at $600/mo, generating $8,400 in gross monthly income. Units contain, fridge, stove/oven, microwave, dishwasher & washer/dryer hook-ups. Property appraised at $1.2 million in July 2015.
Status Change Info
Sold Price/SqFt: 54.68
Sold Price/Acre: 216138.33
Status: Sold
Under Contract Date: 2016-03-11
Sold Date: 2016-05-12
Sold Price: $750,000
Construction/Siding
Brick Veneer: 1
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Water Heater - Electric: 1
Financing
Cash: 1
Conventional: 1
Sale Type
As Is: 1
Business/Property
Furnished - None: 1
Office Area: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Central: 1
Heat - Central Electric: 1
Multi-Family
Year Built: 1981
Building SqFt: 13118
# of Units: 14
Transport. Access
2-Lane: 1
City Road: 1
Property Features
Energy: AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Sale Type: As Is
Listing Office: CENTURY 21 Commander Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.