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3900 W 17th ST, Panama City, FL 32401

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

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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
Sq. Ft: 4,383
Acres: 0.53
Lot Size: 23,086
$/SF: $125
Subdivision: Bayview Add
Year Built: 1950

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Property Description

Attention investors and/or owner 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.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 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 DOCUMENTSMotivated Seller, bring all offers!

(850) 890-7098

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Additional Information

Interior Features: Bookcases, Fireplace, High Ceilings, Recessed Lighting, Vaulted Ceiling(s)
Exterior Features: Patio
Lot Dimensions: 168'x133'
Parking Spaces: 2
Community: Bayview Heights
Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay