311 Pennsylvania Avenue, Lynn Haven, FL 32444
$1,450,000
Property Type:
Commercial for Sale
Square Footage:
8,000
Lot Size (sq. ft.):
22,651
Status:
Sold
Current Price:
$1,450,000
List Date:
2/05/2024
Last Modified:
11/25/2024
Overview
Description
Listing Details MLS# 752344
Contract Info
- List Price/SqFt
- 200
- Sub-Type
- Income Producing
Location
- Area
- 02 – Bay County – Central
- Street #
- 311
- Street Name
- Pennsylvania
- Street Suffix
- Avenue
- State
- FL
- Zip Code
- 32444
- County
- Bay
- Sub Area
- 0201 – Bay – Central NE
- Subdivision
- Bay Park Manor
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 08887-000-000
- Elementary School
- Lynn Haven
- Middle School
- Mowat
- High School
- Mosley
- Directions
- Head north on Hwy 77, turn right on E Forth St, property is on the corner.
- Legal Description
- BAY PARK MANOR 102B4 LOTS 11,12 & 13 BLK J ***AND*** A PCL ADJOINING LOT 12 DESCR'D AS BEG AT INTER- SECTION OF EXTENDED R/W LINES OF N R/W 4TH ST & E R/W PENN AVE TH N 75.26' TO SW COR LOT 12 SELY ALG SLY LI OF SAID LOT 118.07' TO SE COR LOT 12 W 75.26' TO POB ORB 4741 P 1662
General Property Info
- List Class
- Apartment
- Construction Status
- Construction Complete
- # of Units
- 8
- SqFt Unit
- 1000
- # of Stories in Building
- 2
- Acreage
- 0.52
- SqFt Tot Bldg
- 8000
- Year Built
- 1984
Status Change Info
- Under Contract Date
- 2024-04-18
- Sold Date
- 2024-06-28
- Sold Price/SqFt
- 181.25
- Sold Price/Acre
- 2788461.54
Multi-Family
- Year Built
- 1984
- # of Units
- 8
Other
- Year Built
- 1984
- Unit SqFt
- 1000
- Actual Gross Income
- 155400
- Expenses
- 19255
- Net Operating Income
- 135198
- Cap Rate
- 8.5
- # of Units
- 8
- Vacancy Rate
- 0
More Information
Listing Info, Tax and Legal
- HOA Fee
- No
Remarks & Misc
- Remarks
- *All units occupied and generating $12,950 a month* 311 Pennsylvania Ave consists of 2 separate 2 story buildings A & B. Each building contains 4 units (8 all together). Per owner each unit is 1000 SF with 2 bedrooms and 1 bathroom (16 bedrooms and 8 bathrooms all together), washer/dryer hookups are located in the storage closet outside each unit next to the front door on first floor units, on second floor units storage closet is located on balcony. All units have been completely remodeled with brand new stainless steel appliances, flooring, HVAC and water heaters, new wiring and plumbing. New roofs on both buildings and have been freshly painted on the exterior and interior. New landscaping and plenty of parking gives this property really great curb appeal. Property is 375 feet from Leslie Porter Park right on the bay by the Bailey Bridge. The park comes equipped with a playground, a beach, picnic tables, bathrooms and a boat launch.
Construction/Siding
- Floor – Vinyl
- Yes
- Roof – Composite Shngl
- Yes
- Siding – Stucco
- Yes
Energy
- AC – 2 or More
- Yes
- AC – Central Elect
- Yes
- Ceiling Fans
- Yes
- Heat – Central Electric
- Yes
- Water Heater – Electric
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
Utilities
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Floors in Unit/Home
- Two
- Yes
Site Description
- Corner Location
- Yes
- Landscaped
- Yes
Property Features
Energy:
AC – 2 or More; AC – Central Elect; Ceiling Fans; Heat – Central Electric; Water Heater – Electric
Financing:
Cash; Conventional
Site Description:
Corner Location; Landscaped
Utilities:
Public Sewer – Connected; Water Connected
Listing Office:
Counts Real Estate Group Inc
Last Updated: November – 25 – 2024
Information deemed reliable but not guaranteed.