$1,000,000
Panama City, FL 32405
MLS# 712825
Status: Sold
9870 sqft
1 / 10
Property Description
Property being ''Sold As Is''. Excellent rental location just off 23rd street behind Target. Solid investment opportunity for 8 rental homes and 1 warehouse shop. All units stay occupied. Gross Income is approximately $7000 per month,, rents are below market and could be increased $100-$200 per unit. Tenants responsible for utilities, seller is currently paying for a few and being reimbursed. All information deemed reliable, please verify for accuracy.
Details
Maps
Contract Info
List Price/SqFt: 121.58
List Date: 2021-06-09
List Price: $1,200,000
Current Price: $1,000,000
Sub-Type: Multi-Family
Location
Sub Area: 0201 - Bay - Central NE
Community/Resort: None
Waterfront: No
Elementary School: Hiland Park
Middle School: Mowat
High School: Bay
Directions: Travel east on 23rd street, just past Target Store, turn left on N. Palo Alto. Properties will be on left
Area: 02 - Bay County - Central
Street #: 2403
Street Direction: E
Street Name: 24th
Street Suffix: Plaza
State: FL
Zip Code: 32405
County: Bay
Subdivision: St A B Dev Co
Parcel ID: 12961-000-000
Legal Description: 28 3S 14W -96- ST A B DEV CO PLAT BEG 30' S OF NE COR LOT 110 TH S 100' W 140' N 100' E 140'TO POB ORB 3430 P 11
General Property Info
List Class: Residential Income
Acreage: 2.07
Construction Status: Construction Complete
# of Units: 9
# of Stories in Building: 1
SqFt Tot Bldg: 9870
Year Built: 1965
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Property being ''Sold As Is''. Excellent rental location just off 23rd street behind Target. Solid investment opportunity for 8 rental homes and 1 warehouse shop. All units stay occupied. Gross Income is approximately $7000 per month,, rents are below market and could be increased $100-$200 per unit. Tenants responsible for utilities, seller is currently paying for a few and being reimbursed. All information deemed reliable, please verify for accuracy.
Status Change Info
Sold Price/SqFt: 101.32
Sold Price/Acre: 483091.79
Status: Sold
Under Contract Date: 2022-05-12
Sold Date: 2022-11-30
Sold Price: $1,000,000
Floors in Unit/Home
One: 1
Property Features
Listing Office: Eagle American Realty Group LLC
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.