Investment Opportunity on 100x160 corner lot in Downtown Panama City!
This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development.
The property features:
Unit 1: 2 bedrooms, 1 bath
Unit 2: 1 bedroom, 1 bath
Unit 3: 3 bedrooms, 2 baths
Seller says current rental income Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500 $700/month bringing total potential income to over $4,000 per month.
Live in one unit and rent the others or maximize returns by leasing all three flexibility makes this property ideal for both investors and owner occupants.
Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move in ready and positioned for immediate cash flow.
All measurements are approximate and should be verified by buyer.
Investment Opportunity on 100x160 corner lot in Downtown Panama City!
This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development.
The property features:
Unit 1: 2 bedrooms, 1 bath
Unit 2: 1 bedroom, 1 bath
Unit 3: 3 bedrooms, 2 baths
Seller says current rental income Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500 $700/month bringing total potential income to over $4,000 per month.
Live in one unit and rent the others or maximize returns by leasing all three flexibility makes this property ideal for both investors and owner occupants.
Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move in ready and positioned for immediate cash flow.
All measurements are approximate and should be verified by buyer.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Patio
Fencing: Partial
Flooring: LuxuryVinylPlank
Living Area: 0.00
Roof: Composition, Shingle
Land Information
Lot Features: Paved
School Information
High School: Bay
Middle School: Jinks
School Elementary: Cherry Street
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: CentralAir, Ductless
Heating: Central, Ductless, Electric
Road Frontage Type: CityStreet
Utilities: ElectricityAvailable, SewerAvailable
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
Appliances: ElectricRange, TanklessWaterHeater
Legal Description: GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447
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