810 E 25th Street, Panama City, FL 32405

$1,500,000

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List Price
$1,500,000
MLS#
791716
Status
ACTIVE
Type
Multifamily
Subtype
Multi Family
Lot Size
48,351
Neighborhood
Bay - Central NE

Property Description

Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways. Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include: New roofs New PVC plumbing from fixtures through the slab and out to the exterior PEX water lines throughout Spray foam insulation on the roof deck for enhanced energy efficiency New HVAC systems and ductwork New appliances All new sheetrock New plumbing fixtures New lighting fixtures New electrical service and wiring New flooring throughout Indoor laundry rooms in every unit Strong Income-Producing Asset Monthly Gross Income: $12,000 Annual Gross: $143,700 All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare. Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes

Additional Information

Acres
1.11
Elementary School
Hiland Park
High School
Bay
Middle School
Mowat
Neighborhood
Bay - Central NE
Subdivision
[No Recorded Subdiv]
Utilities
Sewer Available
Year Built
1970

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Calculator source: Real Geeks

Listing courtesy of Chesnut Realty, Inc.