209 Sherman Ave, Panama City, FL 32401
- $275,000
- 4
- BD
- 4
- BA
- 1,920
- SqFt
- List Price
- $275,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 1012259
- Subtype
- Residential
- Style
- Duplex
- Year Built
- 1947
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 1,920
- Subdivision
- No Recored Sub
- Neighborhood
- Bay - Central SE
- MLS Area Major
- Bay County
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.
Additional Information
- Taxes
- $2,835
- Property Description
- Duplex
- Flooring
- Tile
- Air Conditioning
- Window/Wall
- Roof
- Metal
- Foundation
- Slab
- Elementary School
- Cherry Street
- Middle School
- Jinks
- High School
- Bay
Mortgage Calculator
Listing courtesy of EXP Realty LLC.
Vendor Member Number : 28166