$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 Date: 2016-09-27
List Price: $1,299,000
List Price/SqFt: 134.47
Current Price: $1,000,000
Sub-Type: Multi-Family
Location
Area: 03 - Bay County - Beach
Street #: 644
Street Direction: W
Street Name: CALADIUM
Street Suffix: Circle
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0320 - Beach - Middle Central
Subdivision: Open Sands
Community/Resort: None
Parcel ID: 33832-001-000
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.
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
Status Change Info
Status: Sold
Under Contract Date: 2017-02-15
Sold Date: 2017-05-05
Sold Price: $1,000,000
Sold Price/SqFt: 103.52
Business Only
Year Built: 1992
Building SqFt: 11132
Unit SqFt: 9660
Actual Gross Income: 201600
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.