BEDS6
BATHS4 full
SQUARE FEET2,914
MLS#787848
STATUSActive
PROPERTY TYPEMulti Unit - Single Family
SUBDIVISIONGulf Coast Dev Co Plat
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.
Property Features
Property Type: Multi Unit - Single Family
Cooling: Central Air, Ductless
Heating: Central, Ductless, Electric
Home Style: Triplex
Lot Size: 0.37 Acres
Roof Type: Composition, Shingle
Stories: 1.0
Year Built: 1964
Amenities
Main Level Primary
Shower Only
Tub Shower
Patio
Feature Descriptions
Appliances: Electric Range, Tankless Water Heater
Community Features: Short Term Rental Allowed
Days on Site: 111
Exterior: Brick
Fencing: Partial
Lot: Paved
Lot Dimensions: 100x160
Parcel#: 19998-010-000
Patio/Porch: Covered, Patio
Utilities: Electricity Available, Sewer Available
Room Sizes
Bedroom: 10 X 12 Level - First
Bedroom: 10 X 14 Level - First
Living Room: 13 X 13 Level - First
Bedroom: 11 X 20 Level - First
Great Room: 16 X 10 Level - First
Bedroom: 12 X 10 Level - First
Bedroom: 12 X 11 Level - First
Bedroom: 18 X 14 Level - First
Dining Room: 17 X 8 Level - First
Living Room: 17 X 15 Level - First
Local Schools
High School: Bay
Middle School: Jinks
Elementary School: Cherry Street
Listed By / Shown By
Listed By
Agency Name: Local Insight Realty
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 1,248.55 per month $1,103.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $144.67 Homeowner's Insurance
803 Oak Avenue | MLS# 787848
This multi-family property located at 803 Oak Avenue, Panama City, FL 32401 is currently listed for sale with an asking price of $496,000. Search Panama City real estate on www.premierfl.com today.