Panama City, FL 32401,1000 Transmitter RD
Panama City, FL 32401,1000 Transmitter RD
Panama City, FL 32401,1000 Transmitter RD
Panama City, FL 32401,1000 Transmitter RD
Panama City, FL 32401,1000 Transmitter RD
Panama City, FL 32401,1000 Transmitter RD
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$1,250,000

$1,390,000

10.1%
Est.Price: ?

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Est. payment /mo

20 Beds

10 Baths

8,310 SqFt


SOLD DATE : 10/16/2024

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,310 sqft

Price per Sqft $150

Subdivision No Named Subdivision

MLS Listing ID 759896

Sold Date 10/16/24

Bedrooms 20

Full Baths 10

HOA Y/N No

Year Built 1986

Annual Tax Amount $598

Tax Year 2023

Lot Size 0.360 Acres

Acres 0.36

Property Description

Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 02 - Bay County - Central

Interior

Furnishings Unfurnished

Fireplace No

Exterior

Community Features Short Term Rental Allowed

Utilities Available Electricity Connected, Trash Collection

Waterfront No

Accessibility Common Area

Schools

Elementary Schools Parker

Middle Schools Rutherford Middle

High Schools Rutherford

Others

Tax ID 15029-085-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Other

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Listed by EXP Realty LLC
Bought with NON-MEMBER OFFICE
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