1400 Gulf Ave - Apartments FOR SALE
Panama City, FL 32401 |
$900,000 USD
251-978-3255
1400 Gulf Ave
Panama City, FL 32401
HIGHLIGHTS
- Around 25% rental upside
- Strong occupancy and collections
- The property is located off 15th Street in Panama City
- Downtown Panama City is less than two miles from the site, offering major shopping centers, dining, and other tourist attractions.
- Top three largest vacation destinations in the country.
- Locational benefits along with offering floorplans make this a highly attractive rental option for those working at one of the many close by major eco
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$196 USD /SF
# OF UNITS
10
PRICE/UNIT
$90,000
CAP RATE
6.5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
16,988 SF
ZONING
GC 1
APN/PARCEL ID
18793-000-000
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251-978-3255
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251-978-3255
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