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    centralbayrealestate@gmail.com
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  • Central Bay Realty & Property Management
    732 Ohio Ave
    Lynn Haven, FL 32444
    (850) 257-5016
    centralbayrealstate@gmail.com

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    • Roy F Furst

      Licensed Real Estate Broker

      Central Bay Realty

      Phone: (850) 257-5016

      Email: centralbayrealestate@gmail.com
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      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.

      $1,190,000
      For Sale

      3533 US-98

      Panama City, FL 32401
      0.20 acres | #781440
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      5 photos
      Type:Multi-Family
      Structure:Unit
      Zone:Commercial

      Description

      Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.

      • Property Details
          • Subdivision[No Recorded Subdiv]
          • Elementary SchoolLucille Moore
          • Property TypeMulti-Family
          • Short SaleListed As Is
          • Property SubtypeMultiFamily
          • Original List Price$1,190,000
          • Cost1190000
          • MLS #781440
          • MLS #781440
          • Middle SchoolJinks
          • Year Built2021
          • Acres0.2
          • High SchoolBay
          • CountyBay
          • Days on Market (Cumulative)3

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      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.

      Last Updated: Today at 9:42 AM. Source: CPAR

      Provided By
      Listing Agent: Michael S Werner (#B1371)
      Listing Office: Keller Williams Success Realty (#BKWS)

      Central Bay Realty and Property ManagementReal Estate Group
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