1000 Transmitter Road

Panama City, FL 32401
$1,390,000
8310 sqft | 20 beds | 10 baths | 0.36 acres | #759896
Pending

Description

Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion,not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002
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  • Interior Details
    • Beds & Baths
      • Bedrooms:20
      • Bathrooms:10
      • Full Baths:10
  • Property Details
    • Measurements
      • Acres:0.36
      • Square Feet:8310
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1986
  • Utilities / Energy Details
    • Utility
      • Utility features:Electricity Connected, Sewer Connected, Trash Collection
  • Community and Neighborhood Details
    • Community
      • Subdivision:No Named Subdivision
    • Location
      • Elementary School:Parker
      • Middle School:Rutherford Middle
      • High School:Rutherford
      • County:Bay
  • Financial Details
    • Pricing Details
      • Days on Market (Cumulative):244
      • Taxes annual:$598
  • Other
    • Source
      • MLS #:759896

Location

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Last Updated: . Source: CPAR

Listing Courtesy
Listing Agent: Sully Tariq
Listing Office: EXP Realty LLC

Listing Courtesy (Buyer)
Buyer's Agent: Non Member

Central Bay Realty and Property ManagementReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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Selling & Buying

About

Contact

    Account

    • Roy F Furst

      Licensed Real Estate Broker

      Central Bay Realty

      Phone: (850) 257-5016

      Email: centralbayrealestate@gmail.com
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      Copyright© 2022 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information deemed reliable but not guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.