$769,000
For Sale

119 College Avenue

Panama City, FL 32401
15 beds | 9.00 baths | #954778
Browse 65 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units (8 bedrooms and 5 bathrooms), has undergone a comprehensive remodel and was taken down to the studs and built back up with the finest attention to detail. It boasts a large front porch, three new HVAC units, and new kitchens equipped with brand-new appliances.

  • Interior Details
      • InteriorNewly Painted, Renovated, Washer/Dryer Hookup
    • Beds & Baths
      • Bathrooms9.00
      • Bedrooms15
  • Property Details
      • Exterior MaterialsRoof Dimensional Shg, Siding Vinyl
      • Exterior FeaturesPatio Covered, Porch, Renovated
      • Lot FeaturesCleared, Corner
    • Measurements
      • Lot Size179 x 120 x 179 x 120
  • Construction Details
      • StyleTraditional
      • Property TypePurchase
    • Condition
      • Year Built1925
  • Utilities / Energy Details
      • EnergyAC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
    • Utility
      • AppliancesCooktop, Refrigerator, Stove/Oven Electric
      • Utility FeaturesElectric, Public Sewer, Public Water
  • Community and Neighborhood Details
      • SubdivisionNO RECORDED SUBDIVISION
    • Location
      • Elementary SchoolCherry Street
      • Middle SchoolJinks
      • High SchoolBay
  • Other
      • MLS #954778

Location

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Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


Last Updated: . Source: ECAR

Listing Courtesy
Listing Agent: Kaci A Hawes (#E33182), Phone: (850) 628-4537, Email: kacihawes.era@gmail.com
Listing Office: ERA Neubauer Commercial (#ERAN)

Doug MurphyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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    Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.