Completely revitalized and effectively new as of 2021, this 14 unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof.
With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long term financial strength. Rent roll and financials available upon request.
Completely revitalized and effectively new as of 2021, this 14 unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof.
With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long term financial strength. Rent roll and financials available upon request.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
School Information
School Elementary: Lucille Moore
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Trash Expense: 0.00
Other Features
Legal Description: 36 3S 15W W1/2 OF SW1/4 LOT 17 LESS HWY R/W BLK 10 ORB 4438 P 1171
Property consist of two locations. 1323 Beck Avenue and 1322 Bayview Avenue. The Beck location consist of 20,580 sq. ft, which has 147 ft of frontage on Beck Avenue. There is currently a 2,000 sq. ft
LOCATION LOCATION LOCATION!!! This great building and property sits right in the main corridor of Hwy 98 taking you straight to St Andrews downtown or all the way East to Tyndall. The owner has kept
* Rare Retail & Restaurant Opportunity in Historic Downtown Panama City *
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