3900 W 17th St, Panama City, FL 32401

$550,000
7
BD
7
BA

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Sold Price
$550,000
List Price
$615,000
Closing Date
Dec 09, 2024
MLS#
760978
Bedrooms
7
Bathrooms
7
Full-baths
6
Half-baths
1
Acres
0.53
Lot Size
23,087
Subdivision
Bayview Add
Year Built
1950

Property Description

Attention investors and/orowner occupants. This excellent investment opportunity awaits you in the heart of Historic St. Andrews. Just two blocks from the Bay on a corner lot this property is zoned multifamily consisting of two structures; a single family home of 3,400 sqft with 4 bedrooms and 3.5 bathrooms, and a triplex with 3 one bedroom one bath apartments. Separate water and electric meters for both structures. The main home has a mother-in-law quarters that can also be separated to give a total of 5 rentals. Fiberglass pool with saltwater system Large lot with room for your ATV, boat or jet skis 2 car garage Rental income of $5500-$6500/month, excellent Cap rate of at least 8% SEE PROPERTY INCOME/EXPENSES ATTACHED IN DOCUMENTS Seller is motivated, bring all offers!

Additional Information

Stories
1
Lot Dimensions
132'x168'
Parking Spaces
2
Community
Bayview Heights
Appliances
Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Elementary School
Lucille Moore
Middle School
Jinks
High School
Bay

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Weichert Realtors Rev Group. Selling Office: Weichert Realtors Rev Group.