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!
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!
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Other Structures: Sheds
Land Information
Lot Features: Paved
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
Cooling: WallUnits
Heating: Electric
Road Frontage Type: CityStreet, Highway
Sewer: PublicSewer
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
Tax Year: 2024
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
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