Address: 644 Caladium Circle W, Panama City Beach, FL 32413
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!
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!
Features
Bedrooms / Bathrooms
Num Toilets: 26
Building and Construction
Absolute Longitude: 85.858219
Flooring: Other
Roof: Comp Shingle
Sqft Source: Floor Plan
Total Number Of Units: 26
Total Building Sqft: 9660.00
Type Of Building: Free Standing, Income, Resident. Multi-Fam.
Property Information
Property Desc: Multi Fam
Property Group Id: 19990816212135227274000000
Utilities
Air Conditioned: 100.00
Cooling: Ceiling Fan, Electric
Fire Protect: Smoke Alarm, Smoke Detector
Heating: Electric
Num Of Stories: 2.0
Utilities: Electric, Public Sewer, Public Water
Finance and Tax Information
Expenses Insurance: 26573.09
Expenses Maint Repair: 29966.43
Expenses R E Taxes: 10981.10
Expenses Utilities: 40347.87
Tax Year: 2023
Rental Information
Tenant Pays: Cable
Other Features
Avail Docs: None
Avail Info: Copies of Lease, Full Financials
Country: United States
Legal Desc: OPEN SANDS LOTS 1 & 2 BLK A ORB 1586 P 719 ORB 2581 P 1644 ORB 2849 P 518
Welcome to 644 W Caladium! 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/
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