Panama City, FL 32405,2324 E 16th Court
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Panama City, FL 32405,2324 E 16th Court
Panama City, FL 32405,2324 E 16th Court
Panama City, FL 32405,2324 E 16th Court
Panama City, FL 32405,2324 E 16th Court

$230,000

Est. payment /mo

$229,000

0.4%
Est.Price: ?

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2324 E 16th Court Panama City, FL 32405

3 Beds

3 Baths

1,464 SqFt

SOLD DATE : 08/05/2024

Key Details

Sold Price $230,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,464 sqft

Price per Sqft $157

Subdivision No Named Subdivision

MLS Listing ID 754970

Sold Date 08/05/24

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1960

Property Description

TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW.Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years.Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer.Well-maintained triplex located in the heart of Panama City.The triplex is situation on a quarter acre lot.Roof is approximately 10 years old.Each unit has a window heating/air conditioning unit.Total heated/cooled square footage is 1,320 square feet.Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen.Tenant is responsible for all maintenance and lawn upkeep.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Furnishings Unfurnished

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Available

Waterfront No

Schools

Elementary Schools Cedar Grove

Middle Schools Mowat

High Schools Bay

Others

Tax ID 14763-000-000

Financing Conventional

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Listed by Keller Williams Realty Emerald
Bought with Bay to 30A Realty

Kerry Jayne Jackson

Broker Associate | License ID: 7692

+1(850) 960-8646

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