$1,380,600
$1,500,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
13 Baths
7,120 SqFt
SOLD DATE : 12/31/2024
Key Details
Sold Price $1,380,600
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,120 sqft
Price per Sqft $193
Subdivision No Named Subdivision
MLS Listing ID 756905
Sold Date 12/31/24
Bedrooms 15
Full Baths 13
HOA Y/N No
Year Built 2020
Annual Tax Amount $11,557
Tax Year 2023
Lot Size 0.960 Acres
Acres 0.96
Property Description
Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Cooling Central Air, Electric
Furnishings Unfurnished
Fireplace No
Appliance Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
Exterior
Parking Features Driveway
Utilities Available Water Connected
Roof Type Composition,Shingle
Schools
Elementary Schools Cedar Grove
Middle Schools Mowat
High Schools Bay
Others
Tax ID 14740-040-000, 020-010, 020-000, 022-000, 021-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Coastal Heritage Real Estate LLC
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