$950,000
8613 Terrell (16 Rentals 2+acres) Street, 16 rentals
Panama City Beach, FL 32408
MLS# 713315
32 beds  |  16 baths  |  14000 sqft


8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408
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8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408 8613 Terrell (16 Rentals 2+acres) Street, 16 rentals, Panama City Beach, FL 32408

Property Description
8613, 8609, 8529, 8527, 8523, 8517 Terrell St. Less than 1 mile to beach. Easy commute to Panama City and Navy Base. Location, location, location! 16 rentals for $1,100,000 with approx. $175,000 yearly rental income. Low overhead. All units are on septic system and public water is inexpensive (approx. $20 per month per unit). Dumpster is $500 monthly for all units. Public sewer line ran to the property line. Low taxes and insurance. Very minimal vacancy rate. ADDITIONAL LOTS AVAILABLE!!! THERE ARE 7 MORE LOTS WITH 10 RENTALS ADJOINING ON TERRELL ST (APPROX. 2.5 ACRES) FOR $1,100,000 AND ANOTHER 6 LOTS ON GULF PINES DR. ADJOINING (APPROX. 2+ ACRES) VACANT LAND WITH SEWER, WATER AND ELECTRIC ON PROPERTY FOR $1,100,000. TOTAL OF OVER 6 ACRES. $3,300,000 FOR EVERYTHING.

Details
Maps
Contract Info
Status: Active
List Date: 2021-06-24
List Price: $950,000
List Price/SqFt: 67.86
Current Price: $950,000
Location
Area: 03 - Bay County - Beach
Street #: 8613
Street Name: Terrell (16 Rentals 2+acres)
Street Suffix: Street
Unit #: 16 rentals
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 - Beach - East
Subdivision: Gulf Pines
Community/Resort: None
Waterfront: No
Parcel ID: 00000000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Off Laurie Ave Between Hwy 98 and North Lagoon Dr Less than 1 mile to the beach
Legal Description: See in escrow
General Property Info
Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 14000
SqFt Source: Owner Measured
Bedrooms: 32
Full Baths: 16
Total Baths: 16
# of Units in Bldg: 85500
Year Built: 1999
Immediate Occupancy: Yes
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: Each Lot is 79x191 with 6 lots included
Acreage: 2.07
Lot Size (SqFt): 90060
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
As Is: Yes
Property Features
Accessibility Features: Accessible Common Area
Appliances: Range - Electric
Assumable Mtg Typ: None
Construction/Siding: Siding - Alum Metal
Energy: Water Heater - Electric
Cooling: Window Unit(s)
Existing Leases: 0 - 6 Months; 7 - 12 Months; 1 - 3 Years
Exterior: Deck Open
Farm Info: Other - See Remarks
Floors in Unit/Home: One
Financing: Cash; Conventional; Owner
Furnished: Furnished - Some
Interior Features: Ceiling Beamed
Lot Features: Addl Land Available
Lot Access: Paved Road
Mstr Bdrm/Mstr Bath: MBed First Floor
Parking Features: Open
Other Structures: Kennel/Dog Run
Project Facilities: Dumpster; Picnic Area
Rooms: Bonus Room
Sale Type: As Is
Utilities: Electric On Site; Public Water; Septic Tank; Sewer Available
Room Information
Room Name Dimensions Length Width Dimensions
Bonus Room60 x 1260.0012.0060 x 12
Bonus Room52 x 1252.0012.0052 x 12
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1
Bonus Room1 x 11.001.001 x 1

Listing Office: CC Fox Realty

Last Updated: September - 17 - 2021

Information deemed reliable but not guaranteed.