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116 N Highway 22-A Panama City, FL 32404
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Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 681067
Year Built 1972
Lot Size 1.150 Acres
Property Description
Great investment opportunity due to shortage of rentals. This property has 16 units of which 10 are currently rented bringing in over $7000 gross per month. Two units do need some work etc. All units have their own meters etc. Seller expenses are very minimal with around net $80,000 annually. Additional land available to build more units. Corner lot 5007 Cherry Street is also available for sale.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central, Electric, Floor Furnace
Cooling Central Air, Wall/Window Unit(s)
Exterior
Utilities Available Sewer Available, Water Available
Waterfront No
Roof Type Composition,Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Parker
Middle Schools Everitt
High Schools Rutherford
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listed As-Is
Read Less
Bought with Coastal Sun Realty LLC
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