$900,000
Panama City Beach, FL 32408
MLS# 505506
Status: Sold
1 / 10
Property Description
Multi Family Commercial buildings...Two 2 story buildings, 11 unit residential condo-conversion plus 12 unit apartment building on approximately 1.5 acres across from North Lagoon. Condo units are 1050+ sq ft featuring 2 bedroom 1.5 bath floor plan in desirable North Lagoon neighborhood. 10 Condos have been upgraded with stainless appliances, ceramic tile. Both buildings have new galvanized metal roofs, new lift stations/pumps. Sunset Lagoon has new parking lot, landscaping,patio fencing and has recently been painted. Both buildings are on city water and sewer and both buildings retain approximately 100% rental occupancy at time of listing. 11 UNITS RENT FOR $800 PER MONTH, 12 UNITS RENT FOR $700 PER MONTH. All sizes are approximate. Please verify if important. Please do not have
Details
Maps
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Directions: Traveling south on Thomas Drive before the curve turn right on on Daniel. Turn Right to North Lagoon. Sunset Lagoon will be on your Right hand side. Betsy Lane Apartments - continue North on North Lagoon to Betsy Lane (just past Sunset Lagoon) End of Betsy Lane on Right.
Area: 03 - Bay County - Beach
Street #: 6908
Street Name: Lagoon
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Sunset Lagoon
Parcel ID: 30940-000-000
Legal Description: SUNSET LAGOON CONDOMINIUM 9 4S 15 W DECLARATION OF CONDO ORB 3027 P 1203 ENDING RE# 40001-225-012 11 SFR UNITS (PHASE i) 11 CONDOMINIUM UNITS FORMALLY KNOWN AS THE GROVES APARTMENTS PH 1 30940-000-000 OUT OF 30941-000-000 .187 ACRES AND .613 ACRES OUT OF 30940-000-000 SEE ATTACHED.
General Property Info
List Class: Other
Acreage: 1.5
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 23
Year Built: 1984
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Multi Family Commercial buildings...Two 2 story buildings, 11 unit residential condo-conversion plus 12 unit apartment building on approximately 1.5 acres across from North Lagoon. Condo units are 1050+ sq ft featuring 2 bedroom 1.5 bath floor plan in desirable North Lagoon neighborhood. 10 Condos have been upgraded with stainless appliances, ceramic tile. Both buildings have new galvanized metal roofs, new lift stations/pumps. Sunset Lagoon has new parking lot, landscaping,patio fencing and has recently been painted. Both buildings are on city water and sewer and both buildings retain approximately 100% rental occupancy at time of listing. 11 UNITS RENT FOR $800 PER MONTH, 12 UNITS RENT FOR $700 PER MONTH. All sizes are approximate. Please verify if important. Please do not have
Status Change Info
Sold Price/Acre: 600000
Status: Sold
Under Contract Date: 2013-07-26
Sold Date: 2013-10-30
Sold Price: $900,000
Construction/Siding
Wood/Frame: 1
Roof - Metal: 1
Siding - Hardie Board: 1
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Resid Multi-Family: 1
Utilities
TV Cable: 1
Electricity - Availabile: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
REO: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Central: 1
Heat - Central Electric: 1
Offering Type
Sale Only: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
Near Airport: 1
Contract Info
List Date: 2012-04-02
List Price: $1,100,000
Current Price: $900,000
Sub-Type: Multi-Family
Property Features
Energy: AC - Central Elect; Heat - Central Electric
Financing: Cash; Conventional
Offering Type: Sale Only
Pricing Type: Sale Price
Present Zoning: Resid Multi-Family
Sale Type: As Is; REO
Utilities: Electricity - Availabile; Public Sewer - Connected; Water Connected; TV Cable
Supplements
any direct contact with Tenants.
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: October - 03 - 2024
Information deemed reliable but not guaranteed.