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1300 Grace Avenue, Panama City, FL 32401
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  • MLS#: 774652 ( CommercialSale )
  • Street Address: 1300 Grace Avenue
  • Viewed: 7
  • Price: $1,295,000
  • Price sqft: $362
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 3576
  • Days On Market: 27
  • Additional Information
  • Geolocation: 30.1717 / -85.661
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: Segler
  • Elementary School: Nortide
  • Middle School: Jinks
  • High School: Bay
  • Provided by: CENTURY 21 Commander Realty
  • DMCA Notice
  • Description
    Exceptional turn key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained offering low overhead for the next owner. Property is and has been professionally managed. Capture appreciation due to a growing market while you sit back and collect your cash flow. Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. Contact listing agent today for more info.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Northside
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: SEGLER SUBDIV LOTS 21, 22, 23, 24 ORB 320 P 537 BLK 8 ORB 3944 P 496 MAP 92A1
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 18406-000-000
  • Possible Use: Commercial
  • The Range: 0.00
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  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. Mobile: 352.601.6367
  6. 352.601.6367
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