209 Sherman Avenue, Panama City, FL 32401

$250,000
: 4
BD
: 4
BA

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List Price: $250,000
Status: ACTIVE
Price Change: ▼ $25,000 1790980747
MLS#: 795519
Subtype: Residential
Style: Duplex
Year Built: 1947
Bedrooms: 4
Bathrooms: 4
Full Baths: 4
Lot Size: 10,019
Acres: 0.23
Subdivision: [No Recorded Subdiv]
Neighborhood: Bay - Central SE
MLS Area Major: Bay County - Central

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Property Description

INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

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Additional Information

Property Description: Duplex
Appliances: Electric Water Heater
Air Conditioning: Window Unit(s)
Exterior Construction: Block
Roof: Metal
Foundation: Slab
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay