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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Welcome to 644 W Caladium! 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 by restaurants, shopping and everything that Panama City Beach has to offer! Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless. Call your favorite agent and obtain this opportunity today!
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.26
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Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$3,700,000
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Location
County
Bay
Elementary School
Middle School
High School
Listing Courtesy of Marcy L O'Donnell , Luxe Coastal Realty
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Licensed Realtor
KristiLindgren
Call Kristi today to schedule a private showing.
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