3900 W 17th ST, Panama City, FL 32401
- $550,000
- 4
- BD
- 4
- BA
- Sold Price
- $550,000
- List Price
- $615,000
- Closing Date
- Dec 09, 2024
- MLS#
- 761567
- Bedrooms
- 4
- Bathrooms
- 4
- Full-baths
- 3
- Half-baths
- 1
- Acres
- 0.53
- Lot Size
- 23,086
- Subdivision
- Bayview Add
- Year Built
- 1950
Property Description
Attention investors and/or owner 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. Zoning and lot size allow for more units to be built. Separate water and electric meters for both structures. The main home has large amounts of open living space, as well as a mother-in-law quarters that can serve as a 5th unit. 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 Motivated Seller, bring all offers!
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Additional Information
- Exterior Features
- Patio
- Lot Dimensions
- 168'x133'
- Parking Spaces
- 2
- Community
- Bayview Heights
- Appliances
- Electric Oven, Electric Range, Electric Water Heater
- Elementary School
- Lucille Moore
- Middle School
- Jinks
- High School
- Bay
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Listing courtesy of Weichert Realtors Rev Group. Selling Office: Weichert Realtors Rev Group.