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3533 Us-98 , Panama City, FL 32401
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Priced at Only: $1,190,000
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Address: 3533 Us-98 , Panama City, FL 32401
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  • MLS#: 781440 ( CommercialSale )
  • Street Address: 3533 Us-98
  • Viewed: 50
  • Price: $1,190,000
  • Price sqft: $648
  • Waterfront: No
  • Year Built: 2021
  • Bldg sqft: 1837
  • Days On Market: 67
  • Additional Information
  • Geolocation: 30.1805 / -85.7074
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Elementary School: Lucille Moore
  • Provided by: Keller Williams Success Realty
  • DMCA Notice
  • Description
    Completely revitalized and effectively new as of 2021, this 14 unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long term financial strength. Rent roll and financials available upon request.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • School Elementary: Lucille Moore
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
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: 36 3S 15W W1/2 OF SW1/4 LOT 17 LESS HWY R/W BLK 10 ORB 4438 P 1171
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 29030-000-000
  • Possible Use: MultiFamily
  • The Range: 0.00
  • Views: 50
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Nearby Subdivisions
[no Recorded Subdiv]   Bayview Add   Caroline Add Unit 2   No Named Subdivision   Pine-lea 3rd Add   Segler   Skyland   St Andrews Harbour   Thompson  
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Headshot for Associate Marian Casteel
  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. 352.601.6367
  6. mariancasteel@yahoo.com