528 Kraft Avenue Panama City, FL 32401
MULTI_FAMILY - Panama City, FL
- Added:
- May 11, 2026
- Days on Market:
- 64
- Last Refresh:
- Jul 13 at 9:06 am
Property Features for 528 Kraft Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 12
- Rooms
- Bathroom 9, Bathroom 11, Bathroom 2, Bathroom 3, Bathroom 10, Bathroom 4, Bedroom 2, Bedroom 9, Bedroom 1, Bathroom 7, Bedroom 6, Bathroom 12, Bathroom 6, Bedroom 3, Bathroom 5, Bedroom 12, Bathroom 1, Bedroom 8, Bathroom 8, Bedroom 5, Bedroom 11, Bedroom 10, Bedroom 7, Bedroom 4
- Interior features
- HandicapAccess, MainLevelPrimary, WalkInClosets
- Accessibility
- Accessible Approach with Ramp
- Appliances
- WasherDryerStacked, ElectricRange, ElectricWaterHeater
- Standard status
- Active
- APN
- 23276-000-000
- Size
- 6,372 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 11 4S 14W -267- MAP 118C2 BEG 277' N OF SW COR OF SE1/4 OF NW1/4 OF NW1/4 TH E 432' N 132' W 432' S 132' TO POB LESS S 66' TO -267.1- ORB 4610 P 572
- Tax Annual Amount
- 379
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2024
- Building materials
- Block
Listing agent Mayrelis C Roman Davila License #3476683 (850) 691-9904
Listing office AMERICAN REALTY of Bay Co, Inc 203 N Hwy 79 Suite A, Panama City Beach, FL (850) 234-5678
Listing date May 11, 2026
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- 6‑apartment complex built in 2024
- Each apartment offers 2 bedrooms and 2 bathrooms
- Block construction with central heating and central air
Local 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 | $152.9k | $24.00 |
| − Vacancy | −$24.6k | −$3.86 |
| EGI | $128.3k | $20.14 |
| − OpEx | −$57.7k | −$9.06 |
| NOI | $70.6k | $11.07 |
