$570,000
Panama City, FL 32401
MLS# 777837
2799 sqft
1 / 3
Property Description
New construction townhomes, 2/2 933 sqft each. projected to rent for $1550-1650 per unit. Estimated 7-8 cap rate. Pro Forma PnL available upon request.
Details
Maps
Contract Info
List Date: 2025-08-19
List Price: $570,000
List Price/SqFt: 203.64
Current Price: $570,000
Sub-Type: Multi-Family
Location
Area: 02 - Bay County - Central
Street #: 1116
Street Name: Mercedes
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 - Bay - Central SE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 16529-000-000
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Directions: N on Martin Luther King BLVD to E 12th Street. 12th Street turns into Mercedes Ave.
Legal Description: 4 4S 14W -69- 69A BEG 495' N OF SW COR OF SE1/4 OF NE1/4 TH E 120 N 99' W 120' S 99' TO POB ORB 738 P 769 ORB 2002 P 428 ORB 2002 P 426
General Property Info
List Class: Residential Income
Construction Status: Under Construction
Site Dimensions: 99x120
Acreage: 0.27
SqFt Tot Bldg: 2799
Year Built: 2025
Status Change Info
Status: Active
Property Features
Financing: Cash; Conventional; FHA; VA
Present Zoning: Resid Multi-Family
Sale Type: As Is
Utilities: Electricity - Availabile; Sewer Available
Listing Office: Think Real Estate
Last Updated: September - 23 - 2025
Information deemed reliable but not guaranteed.