1000 Transmitter Road, Panama City, FL 32401
$1,250,000
Property Type:
Residential
Bedrooms:
20
Baths:
10
Square Footage:
8,310
Lot Size (sq. ft.):
15,682
Status:
Sold
Current Price:
$1,390,000
List Date:
7/13/2024
Last Modified:
1/27/2025
Description
Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city’s average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base’s recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ”installation of the future,” this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002
More Information MLS# 759896
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 598
Last Tax Year: 2023
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 167.27
Status: Sold
List Date: 2024-07-13
List Price: $1,390,000
Current Price: $1,250,000
Location
Sub Area: 0202 – Bay – Central SE
Community/Resort: None
Waterfront: No
Elementary School: Parker
Middle School: Rutherford Middle
High School: Rutherford
Directions: Just east of the intersection of Transmitter and 11th St.
Area: 02 – Bay County – Central
Street #: 1000
Street Name: Transmitter
Street Suffix: Road
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 15029-085-000
Legal Description: 1 4S 14W -104.56A- COM INTER OF S R/W LI 11TH ST & E R/W LI TRANSMITTER RD TH S 100′ FOR POB TH CONT S 106.67′ E 83.85′ N 106.30′ W 83.85′ TO POB TOG/W EAS INGRESS/EGRESS ORB 4106 P 1784
General Property Info
Floor Number: 2
Acreage: 0.36
Design: N/A
Lot Size (SqFt): 15682
Apx SqFt(Htd/Cooled): 8310
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 154×107
Garage Y/N: No
Sub-Type: Multi Family
Bedrooms: 20
Full Baths: 10
Total Baths: 10
Year Built: 1986
Remarks & Misc
Remarks: Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city’s average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base’s recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ”installation of the future,” this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002
Status Change Info
Sold Price/SqFt: 150.42
Sold Price/Acre: 3472222.22
Under Contract Date: 2024-08-22
Sold Date: 2024-10-16
Sold Price: $1,250,000
Financing
Cash: 1
Conventional: 1
Furnished
Unfurnished: 1
Rooms
Bedroom: 1
Utilities
Electricity – Connected: 1
Garbage: 1
Public Sewer – Connected: 1
Sewer Available: 1
Public Water – Connected: 1
Accessibility Features
Common Area: 1
Bedroom
First: 1
Second: 1
Property Features
Accessibility Features: Common Area
Bedroom: First; Second
Financing: Cash; Conventional
Furnished: Unfurnished
Rooms: Bedroom
Utilities: Electricity – Connected; Garbage; Sewer Available; Public Sewer – Connected; Public Water – Connected
Room Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Listing Office:
EXP Realty LLC
Last Updated: January – 27 – 2025
Information deemed reliable but not guaranteed.