Homes for sale - 644 W Caladium CIR, Panama City Beach, FL 32413

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Kyle Wade

kyle.wade@lptrealty.com +1(772) 837-1948

Listed by Luxe Coastal Realty Group LLC

$ 3,700,000

Est. payment | -/mo

26 Baths

9,660 SqFt

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$ 3,700,000

Est. payment | -/mo

Save Virtual Tour

26 Baths

9,660 SqFt

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 9,660 sqft

Price per Sqft $383

Subdivision Open Sands

MLS Listing ID RX-11008696

Year Built 1982

Annual Tax Amount $14,337

Tax Year 2023

Lot Size 0.260 Acres

Property Description

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!

Location

State FL

County Bay

Area 5940

Zoning PCB17

Interior

Heating Electric

Cooling Ceiling Fan, Electric

Flooring Other

Fireplaces Type Smoke Alarm, Smoke Detector

Exterior

Utilities Available Electric, Public Sewer, Public Water

Roof Type Comp Shingle

Building

Story 100.00

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(772) 837-1948

kyle.wade@lptrealty.com

644 W Caladium CIR Panama City Beach, FL 32413