Panama City Townhome Investment
1512 Kraft Avenue Panama City, FL 32405
For Sale
$995,917
Pending
Eight townhomes, fully occupied, low maintenance, excellent investment property.
Property Size8,208 SF
Lot Size0.48 Acres
Days on Market335
Property Features for 1512 Kraft Avenue
General Information
Standard status
Pending
Size
8,208 SF
Lot size
0.48 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
CENTURY 21 COMMANDER REALTY
(850) 769-8326
Listed By:
CAIN MCNEIL · License #SL3358940
Source:
Corcoran
Added: Aug 28, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 COMMANDER REALTY
Investment Insights
Based on property information with market context.
This property features eight townhomes located at 1512 Kraft Avenue and 1513 Bob Loftin in Panama City, Florida. The units are 100% occupied and require very little upkeep. Each unit includes 2 bedrooms and 1.5 bathrooms, with an approximate area of 973 square feet. The total property size is 8208 square feet. Each unit is separately metered for water and electric. Landlord responsibilities are limited to lawn care and maintenance. The property is located in Flood Zone X. Newer metal roofs and limited turnover make this an excellent addition to your portfolio.
Key Highlights
- 100% Occupied: Start generating income immediately with all units currently rented.
- Low Maintenance: Enjoy minimal landlord responsibilities limited to lawn care and general upkeep.
- Separately Metered Utilities: Simplify billing and expense tracking with individually metered units for water and electric.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.0k | $24.00 |
| − Vacancy | −$31.7k | −$3.86 |
| EGI | $165.3k | $20.14 |
| − OpEx | −$74.4k | −$9.06 |
| NOI | $90.9k | $11.07 |
8,208 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,902 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,494 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Eight townhomes, fully occupied, low maintenance, excellent investment property.
Where is this apartment building located?
The property is located at 1512 Kraft Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $995,917.
What are key features of this property?
This property features: 100% Occupied: Start generating income immediately with all units currently rented.; Low Maintenance: Enjoy minimal landlord responsibilities limited to lawn care and general upkeep.; Separately Metered Utilities: Simplify billing and expense tracking with individually metered units for water and electric.
