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    1512 Kraft Ave, Unit Panama City Panama City, FL 32405

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    For Sale
    $1,175,000

    Eight townhomes, fully occupied, low maintenance, excellent investment property.

    Property size:
    8,208 SF
    Lot size:
    0.48 Acres

    Property Features for 1512 Kraft Ave

    General Information

    Standard status
    Active
    Size
    8,208 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    1985

    Source: CENTURY 21 COMMANDER REALTY Agent CAIN MCNEIL

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

    Overview

    Panama City Townhome Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -85.6222448
    Latitude
    30.1755697

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    FAQs

    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 Ave, Unit Panama City Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,175,000.
    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.
    (850) 769-8326
    Request Owner's contact information
    1512 Kraft Ave, Unit Panama City Panama City, FL 32405
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    Panama City, FL 32405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1512 Kraft Ave, Unit Panama City Panama City, FL 32405
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