1301 FRANKFORD Avenue, Panama City, FL 32401 (MLS# 637340)

1301 FRANKFORD Avenue, Panama City, FL 32401

$750,000

Bldg A - 6 units. These 4 face the parking lot.

Bldg A - 6 units. These 2 face 14th Street.

Parcel 29724-000-000 is 2.12 additional acres zoned Mixed Use Three

Property Type: Commercial for Sale Square Footage: 13,716 Lot Size (sq. ft.): 151,153 Status: Sold

Current Price: $750,000 List Date: 10/23/2015 Last Modified: 10/04/2024

Overview

Description

Oakmont Apartments – 3 parcels priced $200K below appraised value. 14 2BR/1BA units and 1 small office with 1BA. 100% occupancy. Bldg A built in 1981, 5454 sqft, 6 units, .50 acre. Bldg B built in 1983, 7664 sqft, 8 units, .84 acre. 2.12 acre vacant land zoned Mixed Use Three also included. Mixed Use Three allows single family, duplex, triplex, quadraplex and apartments-twenty units per acre. All units rented at $600/mo, generating $8,400 in gross monthly income. Units contain, fridge, stove/oven, microwave, dishwasher & washer/dryer hook-ups. Property appraised at $1.2 million in July 2015.

Listing Details MLS# 637340

Contract Info

List Price/SqFt: 65.25
Sub-Type: Multi-Family

Location

Area: 02 – Bay County – Central
Street #: 1301
Street Name: FRANKFORD
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 29725-000-000
Elementary School: Oakland Terrace
Middle School: Jinks
High School: Bay
Directions: From HWY 98, head South on Frankford Avenue. Land followed by apartments will be on the right, extending from the corner of 14th Street to the corner of 13th Street.
Legal Description: Parcel ID: 29726-000-0001 4S 15W NE1/4 LOTS 8, 9 & LOT 11 LESS S 41' ORB 3484 P 166 BLK 16 Parcel ID: 29725-000-000 1 4S 15W NE1/4 LOTS 6,7,12 & 13 BLK 16ORB 3484 P 166 Parcel ID: 29724-000-000 1 4S 15W NE1/4 LOTS 1 THRU 5 INC. & 14 THRU 18 INC BLK 16ORB 3484 P 166

General Property Info

List Class: Apartment
Construction Status: Construction Complete
# of Units: 14
Acreage: 3.47
SqFt HVAC: 13118
SqFt Tot Bldg: 13716
Year Built: 1981

Status Change Info

Under Contract Date: 2016-03-11
Sold Date: 2016-05-12
Sold Price/SqFt: 54.68
Sold Price/Acre: 216138.33

Multi-Family

Year Built: 1981
Building SqFt: 13118
# of Units: 14

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: Oakmont Apartments – 3 parcels priced $200K below appraised value. 14 2BR/1BA units and 1 small office with 1BA. 100% occupancy. Bldg A built in 1981, 5454 sqft, 6 units, .50 acre. Bldg B built in 1983, 7664 sqft, 8 units, .84 acre. 2.12 acre vacant land zoned Mixed Use Three also included. Mixed Use Three allows single family, duplex, triplex, quadraplex and apartments-twenty units per acre. All units rented at $600/mo, generating $8,400 in gross monthly income. Units contain, fridge, stove/oven, microwave, dishwasher & washer/dryer hook-ups. Property appraised at $1.2 million in July 2015.

Construction/Siding

Brick Veneer: Yes

Energy

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

Financing

Cash: Yes
Conventional: Yes

Sale Type

As Is: Yes

Business/Property

Furnished – None: Yes
Office Area: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – Central: Yes
Heat – Central Electric: Yes

Transport. Access

2-Lane: Yes
City Road: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric; Water Heater – Electric Financing: Cash; Conventional Sale Type: As Is

Listing Office: CENTURY 21 Commander Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.