Active

644 W Caladium Circle

Panama City Beach FL, 32413

$3,700,000


Active

Commercial

Built in 1982

Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer!

R11008696

MLS ID

July 31, 2024

Listed

December 2, 2024

Updated

Map

644 W Caladium Circle
Panama City Beach FL, 32413

Interior Features

Total Stories

2


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.26 Acres


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

5940


Taxes

$14,338


Tax Frequency

Annually


Days on Market

124


Garage

No


View

No


County

Bay


Water Source

Public


Pool

No

Listed by: Luxe Coastal Realty Group LLC
Listing Contact:  

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Data last updated 10:20 PM UTC, 12/2/2024

 

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