931 Taylor Drive, Panama City, FL 32404

Property Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS STRONG POTENTIAL IN THIS INVESTOR HOME! Take a look at this 2BR/1BA home offering 1,032 sq ft that presents a standout opportunity for the savvy construction-based investor. This home is perfect for investors seeking a fix-and-hold rental, renovation project, or potential resale investment. Situated on a generously sized lot in an area experiencing continued growth and new residential development, this property offers multiple exit strategies for the right buyer. Originally converted from a manufactured home, the property features a wood-burning fireplace, detached storage building/workshop, and fully paid-off solar panels -- providing immediate utility savings and added long-term value. With renovation and repositioning, investors have the opportunity to capitalize on increasing area demand and improving neighborhood values. With the solar panel advantage, the current rental projection, ''as is'' should be between $800-$1000 per month, giving you a solid, immediate ROI. The lot value is close to $30K and the new construction homes on the same street as the subject are selling between $225-$260K. Properties with existing infrastructure, large lots, and redevelopment potential at this price point are becoming increasingly difficult to find. Ideal for investors, contractors, or buyers looking to add value through strategic improvements. Price recently reduced. Seller says sell!