2228 E 17th Street, Panama City, FL 32405 (MLS# 709511)

2228 E 17th Street, Panama City, FL 32405

$1,270,000

Virtual Tour

https://www.zillow.com/view-3d-home/b05f2dca-904c-413d-a687-d87e5c0918c3?setAttribution=mls&wl=true

Property Type: Commercial for Sale Square Footage: 7,120 Lot Size (sq. ft.): 41,818 Status: Sold

Current Price: $1,270,000 List Date: 6/05/2022 Last Modified: 10/04/2024

Overview

Description

Please ask your agent for updated information sheet showing monthly income / expenses. 5-Duplexes Blue/Red/Grey/Yellow (1bd/1ba), Green (2bd/1ba) and 1-Triplex that was completely renovated (1bd/1ba), this triplex is the original building with pexline water and cast iron sewer. The duplexes are brand new and have PVC sewer and pexline water. That is a Total of 13 doors in all. 11-units paying $900/month on the 1bd units and $1200/month on the 2 – 2bd units. All units tenant occupied. All the new units have central HVAC and brand new appliances. On-Site Rental Manager. Section 8 approved.

Listing Details MLS# 709511

Contract Info

List Price/SqFt: 189.61
Sub-Type: Multi-Family

Location

Area: 02 – Bay County – Central
Street #: 2228
Street Direction: E
Street Name: 17th
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 – Bay – Central NE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 14740-040-000, 020-010, 020-000, 022-000, 021-000
Section: 34
Township: 3S
Range: 14W
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Directions: From Hwy 98 and Sherman, head North on Sherman, turn left at Sherman. (5) Duplexes and (1) Triplex on the left just behind the commercial lot on the corner of Sherman & 17th Street.
Legal Description: Multi parcel / Parcel ID's: 14740-040-000, 14740-020-010, 14740-020-000, 14740-022-000, 14740-021-000.

General Property Info

List Class: Residential Income
Construction Status: Under Construction
# of Units: 13
# of Stories in Building: Yes
Site Dimensions: 300×140
Acreage: 0.96
Frontage Ft: 300
Lot Depth: 140
SqFt Tot Bldg: 7120
Year Built: 2021

Status Change Info

Under Contract Date: 2022-08-09
Sold Date: 2022-10-19
Sold Price/SqFt: 178.37
Sold Price/Acre: 1322916.67

Income Producing

Cap Rate: 9.5

Multi-Family

# of Units: 13

More Information

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Please ask your agent for updated information sheet showing monthly income / expenses. 5-Duplexes Blue/Red/Grey/Yellow (1bd/1ba), Green (2bd/1ba) and 1-Triplex that was completely renovated (1bd/1ba), this triplex is the original building with pexline water and cast iron sewer. The duplexes are brand new and have PVC sewer and pexline water. That is a Total of 13 doors in all. 11-units paying $900/month on the 1bd units and $1200/month on the 2 – 2bd units. All units tenant occupied. All the new units have central HVAC and brand new appliances. On-Site Rental Manager. Section 8 approved.

Construction/Siding

Frame: Yes
Roof – Composite Shngl: Yes
Siding – CmntFbrHrdBrd: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Present Zoning

Commercial: Yes
General Commercial: Yes

Utilities

Garbage: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes

Property Features

Financing: Cash; Conventional; Seller Financing Present Zoning: Commercial; General Commercial Sale Type: As Is Utilities: Garbage; Public Sewer – Connected; Water Connected

Listing Office: Coldwell Banker Realty

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.