1400 Gulf Ave - Apartments FOR SALE


Panama City, FL 32401
$875,000 USD
352-871-8324
1400 Gulf Ave, Panama City, FL for Sale
$875,000 USD
Apartments - FOR SALE
1/14
null | 7.2% Cap Rate

1400 Gulf Ave
Panama City, FL 32401


OVERVIEW

2019 Roof Exterior Hardiboard Windows replaced Doors replaced Water heaters replaced 7 of 10 units Air Conditioning 5 units with hot/cold framed into wall 5 units with mini-splits Plumbing Electrical (interior & exterior) Bathrooms Appliances Lease all units to HUD-VASH program at $1,030 per month Add washer/dryer connections for increased rent Lease all units to HUD-VASH program at $1,030 per month *V-Rent means the voucher rent amount paid by HUD-VASH, tenant pays the balance Units 10 Total SF 3,944 No of Bldgs 1 No of Stories 1 Year Built 1977 Roof Type/Age Built-up/2019 Parcel # 18793-000-000 Acres 0.39 +/- Tenant Pays Electric, water, sewer Landlord Pays Garbage Washer/Dryer No connections

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

10

PRICE/UNIT

$87,500

CAP RATE

7.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

GC 1

APN/PARCEL ID

18793-000-000

ASK ABOUT THIS PROPERTY

Beau BeeryThe Multifamily AdvisorsMore Info
352-871-8324

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

Beau BeeryThe Multifamily AdvisorsMore Info
352-871-8324

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