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$ 1,500,000
Est. payment /mo
Active
810 E 25th ST Panama City, FL 32405
9,120 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,120 sqft
Price per Sqft $164
Subdivision [No Recorded Subdiv]
MLS Listing ID 791716
HOA Y/N No
Year Built 1970
Lot Size 1.110 Acres
Acres 1.11
Property Sub-Type Multi Family
Property Description
Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City
Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways.
Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include:
New roofs
New PVC plumbing from fixtures through the slab and out to the exterior
PEX water lines throughout
Spray foam insulation on the roof deck for enhanced energy efficiency
New HVAC systems and ductwork
New appliances
All new sheetrock
New plumbing fixtures
New lighting fixtures
New electrical service and wiring
New flooring throughout
Indoor laundry rooms in every unit
Strong Income-Producing Asset
Monthly Gross Income: $12,000
Annual Gross: $143,700
All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare.
Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes
Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways.
Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include:
New roofs
New PVC plumbing from fixtures through the slab and out to the exterior
PEX water lines throughout
Spray foam insulation on the roof deck for enhanced energy efficiency
New HVAC systems and ductwork
New appliances
All new sheetrock
New plumbing fixtures
New lighting fixtures
New electrical service and wiring
New flooring throughout
Indoor laundry rooms in every unit
Strong Income-Producing Asset
Monthly Gross Income: $12,000
Annual Gross: $143,700
All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare.
Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available Sewer Available
Private Pool No
Building
Sewer Public Sewer
Schools
Elementary Schools Hiland Park
Middle Schools Mowat
High Schools Bay
Others
Tax ID 12942-010-000
Special Listing Condition Listed As-Is
Listed by Chesnut Realty, Inc
Schools and Properties Nearby
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