803 Oak Avenue, Panama City, FL 32401
- $496,000
- 6
- BD
- 4
- BA
- List Price
- $496,000
- MLS#
- 787848
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 15,987
- Neighborhood
- Bay - Central SW
Property Description
Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.
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Additional Information
- Acres
- 0.37
- Appliances
- Electric Range, Tankless Water Heater
- Elementary School
- Cherry Street
- Exterior Features
- Patio
- High School
- Bay
- Lot Dimensions
- 100x160
- Lot Features
- Paved
- Middle School
- Jinks
- Neighborhood
- Bay - Central SW
- Project Facilities
- Short Term Rental Allowed
- Stories
- 1
- Subdivision
- Gulf Coast Dev Co Plat
- Utilities
- Electricity Available, Sewer Available
- Year Built
- 1964
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Listing courtesy of Local Insight Realty.