114 S Sr-22a - Apartments FOR SALE


Panama City, FL 32404
$1,750,000 USD
850-896-2240
114 S Sr-22a, Panama City, FL for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

114 S Sr-22a
Panama City, FL 32404


HIGHLIGHTS

  • 14 Unit Apartment Complex - 4 Buildings
  • Central Location - Complex Immaculately Maintained By Long Time Landlord
  • Value Add - Rents Below Market Rates
  • New Roofs - April 2026
  • 8 Units - 800 Sq. Ft. with Outside Laundry Room - 6 Units - 1,100 Sq. Ft. with Inside Laundry Room
  • All Financials, Repairs and Maintenance Reports Available Upon Execution of Non-Disclosure Agreement (NDA)

OVERVIEW

SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

14

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bishop Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,964 SF

ZONING

-

APN/PARCEL ID

25010-008-000

ASK ABOUT THIS PROPERTY

Charlie HaasCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-896-2240

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Charlie HaasCounts Real Estate Group Inc.- Commercial DivisionMore Info
850-896-2240

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.