$675,000
Panama City, FL 32401
MLS# 794807
6 beds | 6 baths | 2432 sqft
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Property Description
Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.
Details
Maps
General Property Info
Acreage: 0.35
Design: N/A
Lot Size (SqFt): 15246
Apx SqFt(Htd/Cooled): 2432
Construction Status: Construction Complete
SqFt Source: Prop App Site
# of Stories in Building: 1
Accessory Dwelling Unit: No
Lot Dimensions: 147.0 ft x 105.0 ft
New Construction: No
Garage Y/N: No
Driveway Spaces: 6
Pool: No
Sub-Type: Multi Family
Bedrooms: 6
Full Baths: 6
Total Baths: 6
Year Built: 2023
Contract Info
List Price/SqFt: 277.55
Status: Active
List Date: 2026-08-28
List Price: $675,000
Current Price: $675,000
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From 740 S Tyndall Pkwy (US-98 E). Turn right onto S Tyndall Pkwy. Turn right onto Boat Race Rd. Continue on E Business Highway 98 (US-98-BR). Continue on E Highway 98 (US-98-BR). Turn left onto Cherry St. Turn right onto N Everitt Ave. Turn left onto E 1st Ct.
Area: 05 - Bay County - East
Street #: 2600
Street Direction: E
Street Name: 1st
Street Suffix: Plaza
State: FL
Zip Code: 32401
County: Bay
Subdivision: Fairview
Parcel ID: 22987-000-000
Legal Description: FAIRVIEW PLAT MAP 105D4 LOTS 23,24 BLK A ORB 4481 P 1623
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 5306.33
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks & Misc
Remarks: Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.
Furnished
Unfurnished: 1
Parking Features
Assigned: 1
Paved: 1
Rooms
Bedroom: 1
Utilities
Electricity - Connected: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Sale Type
As Is: 1
Bedroom
First: 1
Cooling
Central Air: 1
Heating
Central: 1
Property Features
Bedroom: First
Cooling: Central Air
Heating: Central
Furnished: Unfurnished
Parking Features: Assigned; Paved
Rooms: Bedroom
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Public Water - Connected
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | Approx. Verify if Important |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | Approx. Verify if Important |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | Approx. Verify if Important |
| Bedroom | First | 11 x 12 | 11.00 | 12.00 | Approx. Verify if Important |
| Bedroom | First | 11 x 12 | 11.00 | 12.00 | Approx. Verify if Important |
| Bedroom | First | 11 x 12 | 11.00 | 12.00 | Approx. Verify if Important |
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: August - 31 - 2026
Information deemed reliable but not guaranteed.