1000 Transmitter Road, Panama City, FL 32401 (MLS# 759896)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 598

Last Tax Year: 2023

Brokerage Interest: No Interest

List Price/SqFt: 167.27

Status: Sold

List Date: 2024-07-13

List Price: $1,390,000

Current Price: $1,250,000

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Parker

Middle School: Rutherford Middle

High School: Rutherford

Directions: Just east of the intersection of Transmitter and 11th St.

Area: 02 - Bay County - Central

Street #: 1000

Street Name: Transmitter

Street Suffix: Road

State: FL

Zip Code: 32401

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 15029-085-000

Legal Description: 1 4S 14W -104.56A- COM INTER OF S R/W LI 11TH ST & E R/W LI TRANSMITTER RD TH S 100' FOR POB TH CONT S 106.67' E 83.85' N 106.30' W 83.85' TO POB TOG/W EAS INGRESS/EGRESS ORB 4106 P 1784

Floor Number: 2

Acreage: 0.36

Design: N/A

Lot Size (SqFt): 15682

Apx SqFt(Htd/Cooled): 8310

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 154x107

Garage Y/N: No

Sub-Type: Multi Family

Bedrooms: 20

Full Baths: 10

Total Baths: 10

Year Built: 1986

Remarks: Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

Sold Price/SqFt: 150.42

Sold Price/Acre: 3472222.22

Under Contract Date: 2024-08-22

Sold Date: 2024-10-16

Sold Price: $1,250,000

Cash: 1

Conventional: 1

Unfurnished: 1

Bedroom: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Sewer Available: 1

Public Water - Connected: 1

Common Area: 1

First: 1

Second: 1