$249,000
Panama City, FL 32405
MLS# 946006
Status: Pending
3 beds | 3 baths | 1320 sqft
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Property Description
TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW. Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years. Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying).
Details
Status Change Info
Status: Pending
Under Contract Date: 2024-05-10
Contract Info
List Date: 2024-03-29
Current Price: $249,000
List Price: $249,000
List Price/SqFt: 188.64
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 27 - Bay County
Street #: 2324
Street Direction: E
Street Name: 16th
Street Suffix: Court
State: FL
Zip Code: 32405
County: Bay
Sub Area: 2701 - Bay - Central NE
Project Name/Subdivision: NO RECORDED SUBDIVISION
Parcel ID: 14763-000-000
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Legal Description: 34 3S 14W -139- 104D4 ST AND BAY DEV CO PLAT BEG 264' W OF SE COR LOT 109 TH N132' W 82' S 132' E 82' TO BEG LESS R/W KWN AS LOT 24 OF J.W. RILEY UNREC PLAT ORB 4695 P 1161
General Property Info
Sub-Type: Attached Single Unit
Design: Triplex
Apx SqFt(Htd/Cooled): 1320
SqFt Source: County PA Records
Bedrooms: 3
Full Baths: 3
Total Bathrooms: 3
# Stories: 1
Year Built: 1960
Garage: No
Carport: No
Pool: No
Pool Type: None
Listing Info, Tax & Legal
Assessment Fees: No
Is Subject Leased: Yes
Rent/Mo: 3150
Lease Expiration Dt: 2024-10-24
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW. Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years. Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying).
Office/Member Info
Single Agent Comp: 2.5
Single Agent Comp Type: %
Trans Broker Comp: 2.5
Trans Broker Comp Type: %
Non-Rep Comp Type: %
Property Features
Construction Status: Construction Complete
Zoning: Resid Multi-Family
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Heat Cntrl Electric
Bedroom: First
Living Room: First
Full Bathroom: First
Rooms: Bedroom; Full Bathroom; Living Room
Supplements
Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer. Well-maintained triplex located in the heart of Panama City. The triplex is situation on a quarter acre lot. Roof is approximately 10 years old. Each unit has a window heating/air conditioning unit. Total heated/cooled square footage is 1,320 square feet. Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen. Tenant is responsible for all maintenance and lawn upkeep.
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Measurements approximate; buyer to verify | 15 x 15 |
| Living Room | First | 20 x 10 | 20.00 | 10.00 | 20 x 10 | |
| Full Bathroom | First | 5 x 10 | 5.00 | 10.00 | 5 x 10 | |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | 15 x 15 | |
| Living Room | First | 20 x 10 | 20.00 | 10.00 | 20 x 10 | |
| Full Bathroom | First | 5 x 10 | 5.00 | 10.00 | 5 x 10 |
Listing Office: Keller Williams Realty SRB
Last Updated: May - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
