17
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$1,295,000
Est. payment /mo
0.32 Acres Lot
Active
1300 Grace AVE Panama City, FL 32401
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Segler
MLS Listing ID 774652
HOA Y/N No
Year Built 1986
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Multi Family
Property Description
Exceptional turn-key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained offering low overhead for the next owner. Property is and has been professionally managed. Capture appreciation due to a growing market while you sit back and collect your cash flow. Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. Contact listing agent today for more info.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Building
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Northside
Middle Schools Jinks
High Schools Bay
Others
Tax ID 18406-000-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by CENTURY 21 Commander Realty