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Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer!PROPERTY FEATURES
Total Units : 26
Utilities : Electric,Public Sewer,Public Water
Property Use : Hotel/ Motel,Income
Type of Building : Free Standing,Income,Resident. Multi-Fam.
Available Info : Copies of Lease,Full Financials
Zoning : PCB17
Fire Protect : Smoke Alarm,Smoke Detector
Heating System : Electric
Cooling System : Ceiling Fan,Electric
Roof : Comp Shingle
Flooring : Other
PROPERTY DETAILS
Street Address: 644 W Caladium Circle
City: Panama City Beach
State: Florida
Postal Code: 32413
County: Bay
MLS Number: 11008696
Year Built: 1982
Courtesy of Luxe Coastal Realty Group LLC
City: Panama City Beach
State: Florida
Postal Code: 32413
County: Bay
MLS Number: 11008696
Year Built: 1982
Courtesy of Luxe Coastal Realty Group LLC
Courtesy of Luxe Coastal Realty Group LLC
