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$ 1,190,000
Est. payment /mo
Active
3533 US-98 Panama City, FL 32401
1,837 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,837 sqft
Price per Sqft $647
Subdivision [No Recorded Subdiv]
MLS Listing ID 781440
HOA Y/N No
Year Built 2021
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property Description
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.
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.
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 29030-000-000
Special Listing Condition Listed As-Is
Listed by Keller Williams Success Realty
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