803 Oak AVE Panama City, FL 32401
6 Beds
4 Baths
2,914 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,914 sqft
Price per Sqft $170
Subdivision Gulf Coast Dev Co Plat
MLS Listing ID 787848
Style Triplex
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1964
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Triplex
Property Description
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.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Central, Ductless, Electric
Cooling Central Air, Ductless
Fireplace No
Appliance Electric Range, Tankless Water Heater
Exterior
Exterior Feature Patio
Fence Partial
Community Features Short Term Rental Allowed
Utilities Available Electricity Available, Sewer Available
Roof Type Composition,Shingle
Porch Covered, Patio
Private Pool No
Building
Lot Description Paved
Dwelling Type Triplex
Story 1
Entry Level One
Architectural Style Triplex
Level or Stories One
New Construction No
Schools
Elementary Schools Cherry Street
Middle Schools Jinks
High Schools Bay
Others
Restrictions Short Term Rentals Allowed
Tax ID 19998-010-000
Special Listing Condition Listed As-Is
Schools and Properties Nearby
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