1201 Grace Avenue A,B,C,D,E,F,G,H, Panama City, FL 32401 (MLS# 731112)

1201 Grace Avenue A,B,C,D,E,F,G,H, Panama City, FL 32401

$700,000

Property Type: Commercial for Sale Square Footage: 5,600 Lot Size (sq. ft.): 13,068 Status: Sold

Current Price: $700,000 List Date: 8/19/2022 Last Modified: 10/04/2024

Overview

Description

Great Investment opportunity, four duplexes, eight total units, each 2 bedrooms, 1 bath. Centrally located in the heart of Panama City, 100% occupied. Well maintained, new metal roof, corner location with easy access to all units.

Listing Details MLS# 731112

Contract Info

List Price/SqFt: 142.86
Sub-Type: Multi-Family

Location

Area: 02 – Bay County – Central
Street #: 1201
Street Name: Grace
Street Suffix: Avenue
Unit #: A,B,C,D,E,F,G,H
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: Bry-Co Park
Community/Resort: None
Waterfront: No
Parcel ID: 18421-001-000
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: South on Harrison Ave. from Hwy 98 to right on 12th Ave. Property on corner of Grace and 12th.
Legal Description: BRY-CO PARK BEG 70.71' W OF SE COR LOT 1 TH W 69.29' N 110' E 69.55' S 110' TO POB BLK 2 ORB 1476 P 875 FOR MORTGAGE PURPOSES-UNITS A, B, C, D

General Property Info

List Class: Residential Income
Construction Status: Construction Complete
Site Dimensions: 140×110
Acreage: 0.3
SqFt Tot Bldg: 5600
Year Built: 1981

Status Change Info

Under Contract Date: 2022-08-20
Sold Date: 2022-09-12
Sold Price/SqFt: 125
Sold Price/Acre: 2333333.33

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Great Investment opportunity, four duplexes, eight total units, each 2 bedrooms, 1 bath. Centrally located in the heart of Panama City, 100% occupied. Well maintained, new metal roof, corner location with easy access to all units.

More Information

Construction/Siding

Roof – Metal: Yes

Energy

AC – Central Elect: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

Dumpster: Yes

Utilities

All Utilities: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Furnished – None: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – HVAC: Yes
Heat – HVAC: Yes

Transport. Access

City Road: Yes
Unpaved: Yes

Property Features

Energy: AC – Central Elect; Water Heater – Electric Financing: Cash; Conventional Present Zoning: Resid Multi-Family Sale Type: As Is Utilities: All Utilities; Electricity – Connected; Public Sewer – Connected; Water Connected

Listing Office: ERA Neubauer Real Estate, Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.