$1,950,000
Panama City, FL 32404
MLS# 770989
Status: Under Contract - Taking Backups
8 beds | 8 baths | 13768 sqft
1 / 16
Property Description
CURRENTLY UNDER CONTRACT, 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
Status: Under Contract - Taking Backups
List Date: 2025-03-27
List Price: $1,950,000
List Price/SqFt: 141.63
Current Price: $1,950,000
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: Rutherford Middle
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
Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 13768
SqFt Source: Prop App Site
Bedrooms: 8
Full Baths: 4
Half Baths: 4
Total Baths: 8
Year Built: 1984
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 150x190
Acreage: 0.65
Lot Size (SqFt): 28314
Pool: No
Status Change Info
Under Contract Date: 2025-10-07
Property Features
Bedroom: Second
Financing: Cash; Conventional
Furnished: Unfurnished
Rooms: Bedroom
Utilities: Electricity - Connected
Present Zoning: Resid Multi-Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | approximate, measure if important |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 | |
| Bedroom | Second | 11 x 12 | 11.00 | 12.00 | 11 x 12 |
Listing Office: Keller Williams Success Realty
Last Updated: October - 08 - 2025
Information deemed reliable but not guaranteed.