$1,950,000
Panama City, FL 32404
MLS# 763387
Status: Under Contract - Taking Backups
13768 sqft
1 / 16
Property Description
PROPERTY IS CURRENTLY UNDER CONTRACT BUT SELLER WILL CONSIDER BACKUP OFFERS. 14 unit apartment complex located in the heart of Parker FL, close to shopping, restaurants and Tyndall AFB. 4 separate buildings with 2 bedrooms and 1.5 baths in each building. Square footages range from 750 sq feet to 950 sq feet with laundry inside the 950 sq ft units and laundry in attached storage in the 750 sq ft units. Many of the units received updates and roofs after hurricane Michael. This is your chance to own a fully operating and 100% occupied apartment business. Call your Realtor today
Details
Maps
Contract Info
List Date: 2024-10-03
List Price: $1,950,000
List Price/SqFt: 141.63
Current Price: $1,950,000
Sub-Type: Multi-Family
Location
Area: 02 - Bay County - Central
Street #: 114
Street Direction: S
Street Name: Highway 22 A
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 - Bay - Central SE
Subdivision: Lakewood
Community/Resort: None
Waterfront: No
Parcel ID: 25010-008-000
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Apartment complex is located South of Cherry Street on corner of Kendrick and HWY 22
Legal Description: LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
General Property Info
List Class: Apartment
Construction Status: Construction Complete
Acreage: 0.65
SqFt Tot Bldg: 13768
Year Built: 1984
Status Change Info
Status: Under Contract - Taking Backups
Under Contract Date: 2025-10-07
Income Producing
Year Built: 1984
Annual Gross Income: 14000
Multi-Family
Year Built: 1984
# of Units: 14
Actual Gross Income: 14000
Property Features
Energy: AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Present Zoning: Resid Multi-Family
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: Keller Williams Success Realty
Last Updated: October - 08 - 2025
Information deemed reliable but not guaranteed.