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644 Caladium Circle W
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PRICED AT ONLY: $3,700,000

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!

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  • MLS#: RX-11008696 ( MultiFamily (5+ Units) )
  • Street Address: 644 Caladium Circle W
  • Viewed: 1
  • Price: $3,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 0
  • Days On Market: 163

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!
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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
  • Multiple Ofrs Acptd: Yes
  • Parcel Id: 33832001000
  • Possession: Funding
  • Sale Includes: Building and Land
  • Use: Hotel/ Motel, Income
  • Zoning: PCB17
Nearby Subdivisions
[no Recorded Subdiv]   El Centro Beach   Gulf Highlands   Inlet Beach Heights   Laguna-gulf   No Named Subdivision   Open Sands   Panama Plaza A Commercial Cond   Polynesian Village   Wells Gulf Beach Estates  
Similar Properties

Details for 644 Caladium Circle, Panama City Beach, FL 32413
$3,700,000.00 ($383.02 / sqft )

644 Caladium Circle More Like This

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/

  1. Request Information
  1. Approx. 9660 sqft
  1. MLSID: 760726
  2. Provided by Luxe Coastal Realty Group LLC
  3. Provided through
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