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Listed by Luxe Coastal Realty Group LLC
$3,700,000
Est. payment /mo
26 Baths
9,660 SqFt
UPDATED:
08/27/2024 07:50 AM
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 9,660 sqft
Price per Sqft $383
Subdivision Open Sands
MLS Listing ID RX-11008696
Year Built 1982
Annual Tax Amount $14,337
Tax Year 2023
Lot Size 0.260 Acres
Property Description
Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer!
Location
State FL
County Bay
Area 5940
Zoning PCB17
Interior
Heating Electric
Cooling Ceiling Fan, Electric
Flooring Other
Fireplaces Type Smoke Alarm, Smoke Detector
Exterior
Utilities Available Electric, Public Sewer, Public Water
Roof Type Comp Shingle
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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