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1300 Grace Ave Panama City, FL 32401

For Sale
$1,150,000

Fully renovated 10-unit apartment building in growing Panama City.

Property size:
8,652 SF

Property Features for 1300 Grace Ave

General Information

Size
8,652 SF

Building Details

Year built
1986

Source: CENTURY 21 COMMANDER REALTY Agent CAIN MCNEIL

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turn-Key Panama City Investment Property

This is a turn-key investment property located in Panama City, near the downtown area. The property features 10 units, including eight 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The units are fully occupied, with an average rental rate of $1,195 per month. Each unit has separate electric and water meters. Landlord responsibilities include grass, trash, and maintenance. The units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained. The property is professionally managed. The Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. The property size is 8,652 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.661173
Latitude
30.1719084

FAQs

What type of property is this?
Apartment building - Fully renovated 10-unit apartment building in growing Panama City.
Where is this apartment building located?
The property is located at 1300 Grace Ave Panama City, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - Turn-key investment property featuring 10 units.; - Units renovated in 2019 and meticulously maintained.; - High occupancy with an average rental rate of $1,195/month per unit.
More about this property
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