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$ 425,000
Est. payment | /mo
2,384 SqFt
$ 425,000
Est. payment | /mo
2,384 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,384 sqft
Price per Sqft $178
Subdivision [No Recorded Subdiv]
MLS Listing ID 781953
HOA Y/N No
Year Built 1940
Lot Size 0.420 Acres
Acres 0.42
Property Description
Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL—Historic 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!
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Schools
Elementary Schools Lucille Moore
Middle Schools Jinks
High Schools Bay
Others
Tax ID 29504-000-000
Listed by Coldwell Banker Realty
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