$230,000
$229,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
2324 E 16th Court Panama City, FL 32405
3 Beds
3 Baths
1,464 SqFt
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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Bought with Bay to 30A Realty
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