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2810 15th Street
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PRICED AT ONLY: $425,000

Address: 2810 15th Street, Panama City, FL 32401

Description

Discover a prime investment opportunity in one of the most sought after areas of Panama City, FLHistoric St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3 bedroom, 2 bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 $1,200 a month. Unit 3 and 4 $450 a week. Water bill $500 a month for all 4 units. Electric $300 $400 a month for 4 units. Solar panels $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income. Don't miss out call today to schedule the showing!
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  • MLS#: 781953 ( CommercialSale )
  • Street Address: 2810 15th Street
  • Viewed: 16
  • Price: $425,000
  • Price sqft: $178
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 2384
  • Days On Market: 54
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • 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 SE1/4 LOTS 10 & 11 & 12 LESS ST RD R/W BLK 25 ORB 4433 P 1365
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 29504-000-000
  • Possible Use: Commercial
  • The Range: 0.00
  • Views: 16
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