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    FOR SALE
    Apartment buildings

    1300 Grace Ave Panama City, FL 32401

    8,652 SF Built 1986
    Property ID
    US18-4297382
    1300 Grace Ave, Panama City, FL 32401 For Sale 1 / 17
    $1,150,000 8,652 SF
    1300 Grace Ave, Panama City, FL 32401
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    Property summary
    AI-generated overview

    Exceptional turn-key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained offering low overhead for the next owner. Property is and has been professionally managed. Capture appreciation due to a growing market while you sit back and collect your cash flow. Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. Contact listing agent today for more info.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1986
    Total area 8,652 SF
    UPID US18-4297382
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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