2228 E 17th Street, Panama City, FL 32405 (MLS# 756905)

2228 E 17th Street, Panama City, FL 32405

$1,380,600

Property Type: Residential Bedrooms: 15 Baths: 13 Square Footage: 7,120 Lot Size (sq. ft.): 41,818 Status: Sold

Current Price: $1,380,600 List Date: 5/10/2024 Last Modified: 6/27/2025

Overview

Description

Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for i … (Read more)

Listing Details MLS# 756905

Contract Info

List Price/SqFt: 210.67

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
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Directions: From Hwy 98 and Sherman, head North on Sherman, turn left at 17th Street. (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

Sub-Type: Multi Family
Floor Number: Yes
Design: N/A
Apx SqFt(Htd/Cooled): 7120
SqFt Source: Owner Measured
Full Baths: 13
Total Baths: 13
Year Built: 2020
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 300×140
Acreage: 0.96
Lot Size (SqFt): 41818

Status Change Info

Under Contract Date: 2024-11-07
Sold Date: 2024-12-31
Sold Price/SqFt: 193.9
Sold Price/Acre: 1438125

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
Is Subject Leased: Yes
New Buyer Fee: No
Last Taxes: 11557
Last Tax Year: 2023
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

More Information

Appliances

Cooktop – Electric: Yes
Oven – Electric: Yes
Refrigerator: Yes
Water Heater – Electric: Yes

Construction/Siding

Frame: Yes
Roof – Composite Shngl: Yes
Siding – Hardie Board: Yes

Existing Leases

Other – See Remarks: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Parking Features

Driveway: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes
Full Bathroom: Yes
Kitchen: Yes
Living Room: Yes

Utilities

Public Sewer – Connected: Yes
Water Connected: Yes

Full Bathroom

First: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes
Electric: Yes

Property Features

Appliances: Cooktop – Electric; Oven – Electric; Refrigerator; Water Heater – Electric Full Bathroom: First Bedroom: First Cooling: Central Air; Electric Existing Leases: Other – See Remarks Financing: Cash; Conventional Furnished: Unfurnished Kitchen: First Living Room: First Parking Features: Driveway Rooms: Bedroom; Full Bathroom; Kitchen; Living Room Utilities: Public Sewer – Connected; Water Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	13.3 x 10.4	13.30	10.40	(2-bed units)
Bedroom	First	11.8 x 12	11.80	12.00	(2-bed units)
Bedroom	First	13.3 x 10.4	13.30	10.40	(2-bed units)
Bedroom	First	11.8 x 12	11.80	12.00	(2-bed units)
Bedroom	First	8.5 x 18.8	8.50	18.80	(1-bed units)
Bedroom	First	8.5 x 18.8	8.50	18.80	(1-bed units)
Kitchen	First	12 x 17	12.00	17.00	Kitchen / living (2-bed units)
Kitchen	First	12 x 17	12.00	17.00	(2-bed units)
Living Room	First	9.8 x 19	9.80	19.00	living/kitchen(1-bed units)
Living Room	First	9.8 x 19	9.80	19.00	(1-bed units)
Living Room	First	9.8 x 19	9.80	19.00	(1-bed units)
Full Bathroom	First	5 x 7.5	5.00	7.50	(2-bed units)
Full Bathroom	First	5 x 7.5	5.00	7.50	(2-bed units)
Full Bathroom	First	9.7 x 8	9.70	8.00	(1-bed units)
Full Bathroom	First	9.7 x 5	9.70	5.00	(1-bed units)

Listing Office: Scenic Sotheby's International Realty

Last Updated: June – 27 – 2025

Information deemed reliable but not guaranteed.