2403 E 24th Plaza, Panama City, FL 32405

$1,000,000
Property Type: Commercial for Sale Square Footage: 9,870 Lot Size (sq. ft.): 90,169 Status: Sold
Current Price: $1,000,000 List Date: 6/12/2021 Last Modified: 10/04/2024

Overview

Description

Property being ”Sold As Is”. Excellent rental location just off 23rd street behind Target. Solid investment opportunity for 8 rental homes and 1 warehouse shop. All units stay occupied. Gross Income is approximately $7000 per month,, rents are below market and could be increased $100-$200 per unit. Tenants responsible for utilities, seller is currently paying for a few and being reimbursed. All information deemed reliable, please verify for accuracy.

Listing Details MLS# 712825

Contract Info

List Price/SqFt
121.58
Sub-Type
Multi-Family

Location

Area
02 – Bay County – Central
Street #
2403
Street Direction
E
Street Name
24th
Street Suffix
Plaza
State
FL
Zip Code
32405
County
Bay
Sub Area
0201 – Bay – Central NE
Subdivision
St A B Dev Co
Community/Resort
None
Waterfront
No
Parcel ID
12961-000-000
Elementary School
Hiland Park
Middle School
Mowat
High School
Bay
Directions
Travel east on 23rd street, just past Target Store, turn left on N. Palo Alto. Properties will be on left
Legal Description
28 3S 14W -96- ST A B DEV CO PLAT BEG 30' S OF NE COR LOT 110 TH S 100' W 140' N 100' E 140'TO POB ORB 3430 P 11

General Property Info

List Class
Residential Income
Construction Status
Construction Complete
# of Units
9
# of Stories in Building
Yes
Acreage
2.07
SqFt Tot Bldg
9870
Year Built
1965

Status Change Info

Under Contract Date
2022-05-12
Sold Date
2022-11-30
Sold Price/SqFt
101.32
Sold Price/Acre
483091.79

Listing Info, Tax and Legal

HOA Fee
No

Remarks & Misc

Remarks
Property being ''Sold As Is''. Excellent rental location just off 23rd street behind Target. Solid investment opportunity for 8 rental homes and 1 warehouse shop. All units stay occupied. Gross Income is approximately $7000 per month,, rents are below market and could be increased $100-$200 per unit. Tenants responsible for utilities, seller is currently paying for a few and being reimbursed. All information deemed reliable, please verify for accuracy.

More Information

Floors in Unit/Home

One
Yes
Listing Office: Eagle American Realty Group LLC
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.