718 S Gay Avenue, Panama City, FL 32404 (MLS# 754742)

Remarks & Misc

Remarks

Welcome to an unparalleled investment opportunity in Panama City, Florida! Presenting a meticulously maintained apartment complex comprising 20 units, each boasting two bedrooms, one bath, and a generous 750 square feet of living space. Nestled conveniently in five two-story buildings, this property offers efficiency and quality in its design and layout. 🌟 Prime Location: Situated just one block away from South Tyndall Parkway, this apartment complex provides tenants easy access to essential amenities, transportation routes, and thriving restaurants, grocery and retail centers. The community of Callaway, Florida, is strategically positioned amidst a landscape of burgeoning growth and development, making it an ideal locale for savvy investors seeking promising returns. 🔨 Exceptional Resilience: In the wake of Hurricane Michael's impact in 2018, the region embarked on a remarkable journey of reconstruction and revitalization. Callaway stands as a testament to resilience, with communities and industries rallying together to rebuild stronger than ever before. The commitment of the Department of Defense to invest $5.9 Billion in the rebuild of Tyndall Air Force Base has catalyzed unprecedented economic growth, driving demand for housing and infrastructure in the area. 📈 Unprecedented Growth: The influx of defense-related projects and economic development initiatives has propelled Callaway and its surrounding areas into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for housing has surged, presenting investors with a solid opportunity for return on investment. 🛩️ Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to deploying three fighter squadrons and the addition of over 600 military jobs per squadron, the demand for housing in Callaway is poised to skyrocket. Moreover, the surge in construction activity, employing up to 4,000 workers, underscores the sustained economic vitality of the region. ⚓ Thriving Naval Presence: Naval Support Activity Panama City further enhances the area's economic vibrancy, with major tenant commands driving innovation and growth. From the Naval Surface Warfare Center, Navy Dive and Salvage Training Center to the Naval Experimental Dive Unit, both the US Coast Guard and naval presence in Panama City contributes significantly to the region's stability and prosperity. Don't miss out on this exceptional opportunity to invest in the future of the communities surrounding Tyndall, including Callaway, Florida. With its strategic location, resilient community, and unprecedented growth prospects, this apartment complex promises enduring value and substantial returns for discerning investors. Seize the moment and make your mark in one of Florida's most dynamic and promising investment destinations! Detailed financial data is available with signed NDA.

Construction/Siding

Foundation – Slab on Grade

Yes

Frame

Yes

Roof – Composite Shngl

Yes

Roof – Metal

Yes

Roof – Pitched

Yes

Siding – Stucco

Yes

Energy

AC – Central Elect

Yes

AC – High Efficiency

Yes

Heat – Central Electric

Yes

Water Heater – Electric

Yes

Financing

Cash

Yes

Conventional

Yes

Present Zoning

City

Yes

Resid Multi-Family

Yes

Utilities

All Utilities

Yes

TV Cable

Yes

Electricity – Connected

Yes

Fuel – Electric

Yes

Pest Control

Yes

Public Sewer – Connected

Yes

Water Connected

Yes

Business/Property

Bus Est Five or More Yrs

Yes

Floors in Unit/Home

Two

Yes

Heating/Cooling

AC – HVAC

Yes

Offering Type

Business Name

Yes

Good Will

Yes

Real Estate

Yes

Sale Only

Yes

Pricing Type

Sale Price

Yes

Site Description

Aerials Available

Yes

Landscaped

Yes

Property Features