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3900 W 17th St, Panama City, FL 32401

$550,000
: 7
BD
: 7
BA
: 4,383
SqFt

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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
Sq. Ft: 4,383
Acres: 0.53
Lot Size: 23,087
$/SF: $125
Subdivision: Bayview Add
Year Built: 1950

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Property Description

Attention investors and/orowner occupants. This excellent investment opportunity awaits you in theheart of Historic St. Andrews. Just two blocks from the Bay on a corner lot this property is zonedmultifamily consisting of two structures; a single family home of 3,400 sqft with 4 bedrooms and 3.5bathrooms, 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 thatcan also be separated to give a total of 5 rentals.Fiberglass pool with saltwater systemLarge lot with room for your ATV, boat or jet skis2 car garageRental income of $5500-$6500/month, excellent Cap rate of at least 8%SEE PROPERTY INCOME/EXPENSES ATTACHED IN DOCUMENTSSeller is motivated, bring all offers!

(850) 890-7098

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Additional Information

Lot Dimensions: 132'x168'
Parking Spaces: 2
Community: Bayview Heights
Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Washer
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay