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$425,000
Est. payment /mo
6 Beds
5 Baths
2,384 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,384 sqft
Price per Sqft $178
Subdivision [No Recorded Subdiv]
MLS Listing ID 782775
Bedrooms 6
Full Baths 5
HOA Y/N No
Year Built 1940
Annual Tax Amount $5,953
Tax Year 2024
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Multi Family
Property Description
Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL—Historic St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3-bedroom, 2-bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 - $1,200 a month. Unit 3 and 4 - $450 a week. Water bill $500 a month for all 4 units. Electric - $300-$400 a month for 4 units. Solar panels - $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income. Don't miss out — call today to schedule the showing!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Electric
Cooling Wall Unit(s)
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Building
Lot Description Paved
Sewer Public Sewer
Additional Building Shed(s)
New Construction No
Schools
Elementary Schools Lucille Moore
Middle Schools Jinks
High Schools Bay
Others
Tax ID 29504-000-000
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Listed by Coldwell Banker Realty
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