$1,000,000
Panama City Beach, FL 32413
MLS# 650990
Status: Sold
9660 sqft
1 / 6
Property Description
Property is currently being managed as a apartment complex and completely rented. Potential is unlimited, as the property is just right across the street from the gulf and the property could be managed as a short term rental facility (hotel style) or can be converted to a condo and sold off separately. The property consist of 28 1 & 2 bedroom units with a laundry and check in office facility. Current Financials can be provided with a NCND
Details
Maps
Contract Info
List Price/SqFt: 134.47
List Date: 2016-09-27
List Price: $1,299,000
Current Price: $1,000,000
Sub-Type: Multi-Family
Location
Sub Area: 0320 - Beach - Middle Central
Community/Resort: None
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: from Hwy 79 travel east on Front Beach past Pier Park. Property is just past Emerald Beach Resort (Wyndham) Turn left on Gulf Blvd, property is on left.
Area: 03 - Bay County - Beach
Street #: 644
Street Direction: W
Street Name: CALADIUM
Street Suffix: Circle
State: FL
Zip Code: 32413
County: Bay
Subdivision: Open Sands
Parcel ID: 33832-001-000
Legal Description: OPEN SANDS LOTS 1 & 2 BLK A ORB 1586 P 719 ORB 2581 P 1644 ORB 2849 P 518
General Property Info
List Class: Apartment
Construction Status: Construction Complete
SqFt Tot Bldg: 9660
Year Built: 1982
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Property is currently being managed as a apartment complex and completely rented. Potential is unlimited, as the property is just right across the street from the gulf and the property could be managed as a short term rental facility (hotel style) or can be converted to a condo and sold off separately. The property consist of 28 1 & 2 bedroom units with a laundry and check in office facility. Current Financials can be provided with a NCND
Status Change Info
Sold Price/SqFt: 103.52
Status: Sold
Under Contract Date: 2017-02-15
Sold Date: 2017-05-05
Sold Price: $1,000,000
Construction/Siding
Floor - Tile: 1
Floor - Vinyl: 1
Floor - W/W Carpet: 1
Foundation - Slab on Grade: 1
Roof - Fiberglass: 1
Roof - Shingle/Shake: 1
Roof - Sloping: 1
Siding - Stucco: 1
Trim - Wood: 1
Energy
AC - Window/Wall: 1
Heat - Wall/Window: 1
Financing
Cash: 1
Utilities
All Utilities: 1
Waterview
Gulf: 1
Business Only
Year Built: 1992
Building SqFt: 11132
Unit SqFt: 9660
Actual Gross Income: 201600
Business/Property
Furnished - All: 1
Kitchen Area: 1
Laundry Facilities: 1
Office Area: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
Other - See Remarks: 1
Hotel/Motel
Year Built: 1982
Building SqFt: 11132
# of Rooms: 28
Price P/Unit: 46392
Avg % Occupancy: 100
# of Floors: 2
Transport. Access
2-Lane: 1
Property Features
Energy: AC - Window/Wall; Heat - Wall/Window
Financing: Cash
Utilities: All Utilities
Waterview: Gulf
Listing Office: Beach Time Realty, Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.