Panama City, FL 32404,116 N Highway 22-A
$460,000
$499,900
8.0%
Est.Price: ?

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1.15 Acres Lot

116 N Highway 22-A Panama City, FL 32404

Est. payment /mo
SOLD DATE : 06/04/2019

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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

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Listed by Coastal Sun Realty LLC
Bought with Coastal Sun Realty LLC

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Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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