$1,270,000
Panama City, FL 32405
MLS# 709511
Status: Sold
7120 sqft
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1 / 81
Property Description
Please ask your agent for updated information sheet showing monthly income / expenses. 5-Duplexes Blue/Red/Grey/Yellow (1bd/1ba), Green (2bd/1ba) and 1-Triplex that was completely renovated (1bd/1ba), this triplex is the original building with pexline water and cast iron sewer. The duplexes are brand new and have PVC sewer and pexline water. That is a Total of 13 doors in all. 11-units paying $900/month on the 1bd units and $1200/month on the 2 - 2bd units. All units tenant occupied. All the new units have central HVAC and brand new appliances. On-Site Rental Manager. Section 8 approved.
Details
Maps
Contract Info
List Price/SqFt: 189.61
List Date: 2021-03-24
List Price: $1,350,000
Current Price: $1,270,000
Sub-Type: Multi-Family
Location
Sub Area: 0201 - Bay - Central NE
Community/Resort: None
Waterfront: No
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Section: 34
Directions: From Hwy 98 and Sherman, head North on Sherman, turn left at Sherman. (5) Duplexes and (1) Triplex on the left just behind the commercial lot on the corner of Sherman & 17th Street.
Township: 3S
Range: 14W
Area: 02 - Bay County - Central
Street #: 2228
Street Direction: E
Street Name: 17th
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 14740-040-000, 020-010, 020-000, 022-000, 021-000
Legal Description: Multi parcel / Parcel ID's: 14740-040-000, 14740-020-010, 14740-020-000, 14740-022-000, 14740-021-000.
General Property Info
List Class: Residential Income
Site Dimensions: 300x140
Acreage: 0.96
Construction Status: Under Construction
# of Units: 13
# of Stories in Building: 1
Frontage Ft: 300
SqFt Tot Bldg: 7120
Lot Depth: 140
Year Built: 2021
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Please ask your agent for updated information sheet showing monthly income / expenses. 5-Duplexes Blue/Red/Grey/Yellow (1bd/1ba), Green (2bd/1ba) and 1-Triplex that was completely renovated (1bd/1ba), this triplex is the original building with pexline water and cast iron sewer. The duplexes are brand new and have PVC sewer and pexline water. That is a Total of 13 doors in all. 11-units paying $900/month on the 1bd units and $1200/month on the 2 - 2bd units. All units tenant occupied. All the new units have central HVAC and brand new appliances. On-Site Rental Manager. Section 8 approved.
Status Change Info
Sold Price/SqFt: 178.37
Sold Price/Acre: 1322916.67
Status: Sold
Under Contract Date: 2022-08-09
Sold Date: 2022-10-19
Sold Price: $1,270,000
Construction/Siding
Frame: 1
Roof - Composite Shngl: 1
Siding - CmntFbrHrdBrd: 1
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Present Zoning
Commercial: 1
General Commercial: 1
Utilities
Garbage: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Central: 1
Income Producing
Cap Rate: 9.5
Property Type: Multi-Family
Multi-Family
# of Units: 13
Property Features
Financing: Cash; Conventional; Seller Financing
Present Zoning: Commercial; General Commercial
Sale Type: As Is
Utilities: Garbage; Public Sewer - Connected; Water Connected
Listing Office: Coldwell Banker Realty
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.