2228 E 17th Street, Panama City, FL 32405

$1,380,600
15
BD
13
BA

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Sold Price
$1,380,600
List Price
$1,500,000
Closing Date
Dec 31, 2024
MLS#
756905
Bedrooms
15
Bathrooms
13
Full-baths
13
Acres
0.96
Lot Size
41,818
Subdivision
No Named Subdivision
Year Built
2020

Property Description

Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

Additional Information

Lot Dimensions
300x140
Appliances
Electric Cooktop, Electric Oven, Electric Water Heater
Elementary School
Cedar Grove
Middle School
Mowat
High School
Bay

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Calculator source: Real Geeks

Listing courtesy of Scenic Sotheby's International Realty. Selling Office: Coastal Heritage Real Estate LLC.