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644 W Caladium Circle

Panama City Beach, FL 32413
  • $3,700,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: RX-11008696
UPDATED: 59 min ago
$3,700,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,660
    SQFT
  • $383
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1982
County:
Bay

School Ratings & Info

Description

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!

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www.keriannworley.com/homes/153146277
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644 W Caladium Circle Panama City Beach, FL 32413

  • Price: $3,700,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 59 min ago
  • ID#: RX-11008696
0
Beds
0
Baths
0
½ Baths
0.26
Acres
9,660
SQFT
$383
$/SQFT
1982
Built
Neighborhood:
Open Sands
County:
Bay
Area:
Panama City Beach
Property Description
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!
Exterior Features

Roof Comp Shingle Waterfront YN No

Interior Features

Bath Toilets 26.00 Cooling Ceiling FanElectric Flooring Other Heating Electric Percent Air Conditioned 100.00

Property Features

Auction No Available Docs None Available Info Copies of LeaseFull Financials Expenses Insurance 26573.09 Expenses Maint And Repair 29966.43 Expenses Real Estate Taxes 10981.10 Expenses Utilities 40347.87 Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association of the Palm Beaches (RAPB) Possession Funding Sale Includes Building and Land Tax Amount Real Estate Taxes 14337.80 Tax Year 2023 Tenant Pays Cable Terms Considered CashConventional Type Of Building Free StandingIncomeResident. Multi-Fam. Use Hotel/ MotelIncome Utilities ElectricPublic SewerPublic Water Zoning PCB17

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Keriann Worley, Broker Associate at Douglas Elliman Real Estate
444 East Palmetto Park Rd
Boca Raton FL, 33432