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Renee Ryan

[email protected] +1(850) 259-8960

$ 779,000

Est. payment -/mo

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Active

119 College Avenue Panama City, FL 32401

15 Beds

9 Baths

5,222 SqFt

UPDATED:

10/31/2024 02:42 AM

Key Details

Property Type Single Family Home

Sub Type Traditional

Listing Status Active

Purchase Type For Sale

Square Footage 5,222 sqft

Price per Sqft $149

Subdivision No Recorded Subdivision

MLS Listing ID 954778

Bedrooms 15

Full Baths 9

Construction Status Construction Complete

HOA Y/N No

Year Built 1925

Lot Size 0.410 Acres

Acres 0.41

Property Description

Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units (8 bedrooms and 5 bathrooms), has undergone a comprehensive remodel and was taken down to the studs and built back up with the finest attention to detail. It boasts a large front porch, three new HVAC units, and new kitchens equipped with brand-new appliances.

Location

State FL

County Bay

Area 27 - Bay County

Zoning Resid Multi-Family

Interior

Interior Features Newly Painted, Renovated, Washer/Dryer Hookup

Appliance Cooktop, Refrigerator, Stove/Oven Electric

Exterior

Exterior Feature Patio Covered, Porch, Renovated

Pool None

Utilities Available Electric, Public Sewer, Public Water

Private Pool No

Building

Lot Description Cleared, Corner

Story 2.0

Structure Type Roof Dimensional Shg,Siding Vinyl

Construction Status Construction Complete

Schools

Elementary Schools Cherry Street

Others

Energy Description AC - 2 or More,AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Water Heater - Elect

Financing Conventional,Other

Listed by ERA Neubauer Commercial

Renee Ryan

Advisor

+1(850) 259-8960

Renee Ryan

119 College Avenue Panama City, FL 32401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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119 College Avenue