Bay Breeze is a 44-unit garden style apartment community located in Panama city, Florida. The assets consist of two phases which were built in 1985 and are adjoined by an improved 0.86-acre parcel where a new owner could build approximately seven additional units. The community has a very favorable unit mix comprised of all two-bedroom and one-bedroom units that average 910 square feet each. Bay Breeze's average in-place rent is 14% under the market values with the opportunity to further elevate organically and through light interior unit upgrades. Bay Breeze offers a unique opportunity to acquire a well maintained asset with multiple avenues to further enhance the value in a growing submarket of Panama City. For more information, please sign and the below confidentiality agreements and email to Andrew Green (andrew.green@seacrestadvisors.com)