2602 Willow Oak Ct - Apartments FOR SALE


Panama City Beach, FL 32408
$990,000 USD
239-329-7322
2602 Willow Oak Ct, Panama City Beach, FL for Sale
$990,000 USD
Apartments - FOR SALE
1/6
null | 7.98% Cap Rate

2602 Willow Oak Ct
Panama City Beach, FL 32408


HIGHLIGHTS

  • Attractive Land Contract Terms: 85% LTV, 7% Interest, 35-year amortization, 5 Year Balloon
  • Newly Constructed in 2020
  • 100% occupied w/ average rent $1,567
  • Offered for Sale as a Package or Separate

OVERVIEW

Constructed in 2020, this 6-unit one story asset consists of all 1 bed 1 bath apartment units, with 3 different layouts. These 3 layouts include, (2) 400 SF units with a kitchenette, (2) 500 SF units with a kitchenette and living room, and (2) 600 SF units with a full kitchen and living room. The Willow Oak Court Apartments boasts several amenities such as individual entrances, common area laundry, and a central private garden just to name a few. This property is offered for sale individually or as a package with Beach Place Condominiums (2 Units Madeira Beach) and Insim Lane(3 Units Leesburg). Please contact HMA for more information before this opportunity is gone.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,000

CAP RATE

7.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Oak Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R-2

APN/PARCEL ID

30167-556-000

ASK ABOUT THIS PROPERTY

Nick HullHull Multifamily AdvisorsMore Info
239-329-7322

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Nick HullHull Multifamily AdvisorsMore Info
239-329-7322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.