$340,000
Panama City Beach, FL 32408
MLS# 622690
Status: Sold
3572 sqft
Property Description
Amazing location, close to beach access #1, south of Thomas Drive. Rents have been increased, and this 7 unit apartment building is 100% occupied, and provides additional cash flow from coin operated laundry facilities. Plenty of parking, and tenants pay their own electricity bills; owner pays for water/sewer and trash. Close proximity to beach keeps this building full year round. Numerous improvements made within the last 5 years including new roof, new electrical panels, new lift station & pumps, new flooring, new paint, rain gutters, new wall a/c units, and coin operated washer/dryer. Property was converted to city sewer in 2009 and DEP permit was obtained. Excellent rental income close to the gulf!
Details
Maps
Contract Info
List Date: 2014-07-30
List Price: $399,000
List Price/SqFt: 111.7
Current Price: $340,000
Sub-Type: Multi-Family
Location
Area: 03 - Bay County - Beach
Street #: 4117
Street Name: Lookout
Street Suffix: Street
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Business Name: LOOKOUT STREET APART
Subdivision: Treasure Island
Community/Resort: None
Parcel ID: 31664-050-000
Section: 16
Township: 4S
Range: 15W
Directions: Located South of Thomas Drive near the Newby's curve and St. Andrew's state park. From Highway 98/Hathaway Bridge area, head south on Thomas Drive. When Thomas Drive curves, turn left at light on Thomas Drive, and turn right on Lookout Street. Complex is located at the corner of Lookout Street and Spyglass Drive, close to beach access #1.
Legal Description: TREASURE ISLAND LOT 1 BLK 22 ORB 3293 P 1433
General Property Info
List Class: Apartment
Immediate Occupancy: Yes
Construction Status: Construction Complete
Site Dimensions: 65X100
SqFt HVAC: 3572
SqFt Tot Bldg: 3572
Year Built: 1972
Status Change Info
Status: Sold
Under Contract Date: 2014-08-28
Sold Date: 2014-12-17
Sold Price: $340,000
Sold Price/SqFt: 95.18
Property Features
Energy: AC - Window/Wall; Ceiling Fans; Water Heater - Electric
Financing: Cash; Conventional
Sale Type: As Is
Site Description: Corner Location
Listing Office: 2nd Home Manager Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.