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$2,200,000
754742 MLS
Welcome to an unparalleled investment opportunity in Panama City, Florida! Presenting a meticulously maintained apartment complex comprising 20 units, each boasting two bedrooms, one bath, and a generous 750 square feet of living space. Nestled conveniently in five two-story buildings, this property offers efficiency and quality in its design and layout.🌟 Prime Location: Situated just one block away from South Tyndall Parkway, this apartment complex provides tenants easy access to essential amenities, transportation routes, and thriving restaurants, grocery and retail centers. The community of Callaway, Florida, is strategically positioned amidst a landscape of burgeoning growth and development, making it an ideal locale for savvy investors seeking promising returns.🔨 Exceptional Resilience: In the wake of Hurricane Michael's impact in 2018, the region embarked on a remarkable journey of reconstruction and revitalization. Callaway stands as a testament to resilience, with communities and industries rallying together to rebuild stronger than ever before. The commitment of the Department of Defense to invest $5.9 Billion in the rebuild of Tyndall Air Force Base has catalyzed unprecedented economic growth, driving demand for housing and infrastructure in the area.📈 Unprecedented Growth: The influx of defense-related projects and economic development initiatives has propelled Callaway and its surrounding areas into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for housing has surged, presenting investors with a solid opportunity for return on investment.🛩️ Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to deploying three fighter squadrons and the addition of over 600 military jobs per squadron, the demand for housing in Callaway is poised to skyrocket. Moreover, the surge in construction activity, employing up to 4,000 workers, underscores the sustained economic vitality of the region.⚓ Thriving Naval Presence: Naval Support Activity Panama City further enhances the area's economic vibrancy, with major tenant commands driving innovation and growth. From the Naval Surface Warfare Center, Navy Dive and Salvage Training Center to the Naval Experimental Dive Unit, both the US Coast Guard and naval presence in Panama City contributes significantly to the region's stability and prosperity.Don't miss out on this exceptional opportunity to invest in the future of the communities surrounding Tyndall, including Callaway, Florida. With its strategic location, resilient community, and unprecedented growth prospects, this apartment complex promises enduring value and substantial returns for discerning investors. Seize the moment and make your mark in one of Florida's most dynamic and promising investment destinations! Detailed financial data is available with signed NDA.

718 S Gay Avenue, Panama City
$308,500
4 Beds ⋅ 2 Baths ⋅ 753767 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS This property presents numerous opportunities for investment and growth. Situated in close proximity to the Heart of St. Andrews, it offers enduring potential for long-term profitability. The property boasts versatile options, including the potential for dual rental units, or the creation of bespoke short-term accommodations. Adorned with a few remaining majestic oak trees, the expansive lot enhances its aesthetic appeal and offers ample space for accommodating large vehicles such as RVs or boats. Residents can enjoy convenient access to nearby nightlife, entertainment, and recreational activities, including the option of traversing the area via golf cart. Positioned in a thriving locale, this property is poised for continued appreciation as St. Andrews flourishes. The main 3-bedroom, 1-bathroom residence exudes charm and presents opportunities for modernization or transformation into a captivating retreat. Both properties maintain consistent occupancy rates and demonstrate long-term income potential. The cozy yet distinctive 1-bedroom, 1-bathroom unit offers affordable access to the vibrant St. Andrews community. With the St. Andrews Marina less than a mile away, seize this opportunity to invest in your future today. Schedule a viewing to discover your compelling reason to acquire this property.

1214 Clay Avenue, Panama City
$870,000
753443 MLS
Excellent income producing multifamily property in the growing Panama City, FL market. Located near Tyndall Air Force Base the property consists of 12 units. All units are 1/1s with average rents of $800-950/month. Each unit is separately metered for water and electric. Landlord responsibilities are limited to lawncare and trash. Most buildings are concrete block helping with insurance premium cost(s).

116 N Highway 22 A, Panama City
$1,000,000
8 Beds ⋅ 4 Baths ⋅ 753256 MLS
Currently under contract - seller accepting back up offers. A truly unbelievable RARE opportunity to own a multi-family QUAD that is waterfront in the historic Cove neighborhood awaits. This quad-plex sits on the corner of Beach Drive and Cherry Streets and boasts the most incredible sunsets in Panama City, Florida! This multi-family home is comprised of four units, all of equal size, and has 2 bedrooms, 1 bath in each as well as their own stackable washer/dryer in each unit. Each unit is metered separately for water, sewer and electricity making it an easy income-producing investment. The property offers parking in the back of the home and is large enough to add a pool which would create an even more profitable investment! Imagine the guests and tenants that would rent a historic waterfront unit this close to the fast-growing Downtown District of Panama City! With the notoriety of the historical landmark of ''Bunkers Point Building'' by the Historical Society of Bay County, this is sure to be a draw for guests and tenants alike! The property offers little to maintenance, as well. The home had a new roof installed in November 2018 and each unit had new appliances, hot water heaters, HVAC and stackable washer/dryers in 2019. This property located in the heart of the Cove and adjacent to Downtown Panama City offers walkability to restaurants, shopping, farmers markets, festivals and more! Watch the fireworks for July 4, take waterfront strolls along Beach Drive and sit in your front yard enamored with the shimmering water views of St. Andrews Bay! This property is zoned MU-3 providing many possibilities for a buyer. Currently being used a long term rental, short term rentals ARE ALLOWED and gives a savvy investor the opportunity to increase rents and maximize the return on this waterfront gem! Other uses for MU-3 include but are certainly not limited to: bed and breakfasts, private school, professional offices, grocery and convenience retail store, food establishment and so much more! Please see the City of Panama City for full zoning information. Two of the units can be accessed from the ground level and two of the units can be accessed from the second level. Each unit is single level throughout. The units each have a bedroom and living room that face the beautiful waterfront. There is a kitchen, bedroom and bathroom overlooking the lush landscaping and hundred year old oak trees in the back yard. The dining room is conveniently located in the center of the unit and makes for a great open layout! This is an amazing opportunity for an investor looking to expand their multi-family portfolio, a professional looking to create an office in a neighborhood and have income producing units above, or an individual looking to live in one unit and rent the other three year-round.The possibilities are ENDLESS with this waterfront multi-family QUAD!

709 E Beach Drive, Panama City
$180,000
2 Beds ⋅ 2 Baths ⋅ 753090 MLS
EXCELLENT INVESTMENT OPPORTUNITY. Consists of two adjoining parcels Tax Parcel # 28885-000-000 & # 28885-010-000. Small duplex generating good long term income plus the additional vacant corner lot of 19th St and Beck Ave comes with the sale. Possible owner financing with 25% down. Premier location for this great investment site. Call listing agent for showing instructions as appointments have to be made with existing tenants. Approved plans for additional duplex on vacant lot. NO SHOWTIME SHOWINGS.

1817 Beck Avenue, Panama City
$665,000
12 Beds ⋅ 6 Baths ⋅ 752930 MLS
Great Investment opportunity near Tyndall AFB. these two Tri-plex's stay 100% occupied and are virtual cash machines, averaging $900/month. All units are well maintained and under professional property mgt. The roofs were re-done in 2019.Owner will consider financing.Call for more details.

6707 E Hwy 22, Panama City
$250,000
4 Beds ⋅ 2 Baths ⋅ 751612 MLS
This is a great investment residential duplex in east Panama City.This is a CBS block building with stucco finish and it has a metal roof installed in 2019. It is a two unit multifamily with 2 bedrooms and a single bath in each unit. The units are all ceramic tile with the exception of the bedrooms which have vinyl plank flooring. Spacious closets are in both units. Each unit has a spacious laundry room and the appliances include refrigerators, ranges, microwaves, washer and dryers. Additionally each unit is on separate utilities. The property is in nice condition and the owner reports of no known repairs are currently necessary.It has long time residents that are on month to month rentals. The building sits on over an acre of property measuring 150X300. There is a huge 24X32 barn on the rear of the property with plenty of room for storage. This is nice investment property with good cash flow potential. Although this is a duplex property it could easily be remodeled into a single family residence on a large property at a great price. Please call to show and allow a minimum of 24 hours notice to show.

1005 Georgia Avenue, Panama City
$205,000
6 Beds ⋅ 3 Baths ⋅ 750492 MLS
Price Improvement! GREAT INVESTMENT OPPORTUNITY!! Property has been stripped to the studs for building the investment property of your dreams. New windows. New roof. 3 UNIT POTENTIAL. Each unit has 2 bedroom and 1 bathroom.The property sits on a huge parcel of land in a beautiful community. It's possible to build a second triplex building and a parking space for your future residents! 20 minutes to Tyndall AFB; 30 minutes to the most beautiful beaches and within minutes of food and fun. Drive by anytime to view the property.Buyer to verify all pertinent information including the sq. footage and lot dimension.

7222 Pittsburgh Street, Panama City
$350,000
1 Beds ⋅ 1 Baths ⋅ 750404 MLS
: 6-Unit Income Property in Panama City, FLWelcome to 143 Claire Avenue, a prime investment opportunity in Panama City, Florida. This well-maintained property features six units, each offering a fantastic source of long-term rental income.Key Features:Steady Income Stream: With an impressive annual revenue exceeding $60,000, this property is a reliable and lucrative source of long-term rental income.Updated Interiors: Recently renovated units showcase modern upgrades and thoughtful design, providing tenants with comfortable and contemporary living spaces. The updates enhance the overall appeal of the property, making it an attractive option for potential renters.Prime Location: Conveniently located in Panama City, residents enjoy easy access to local amenities, schools, parks, and employment centers. The property's strategic location adds to its desirability and ensures a steady demand for rental units.Low Vacancy Rates: The property's strong rental history and the demand for housing in the area contribute to consistently low vacancy rates, providing investors with peace of mind and a stable return on investment.Well-Maintained Exterior: The exterior of the property is meticulously maintained, creating a welcoming and attractive curb appeal. A well-kept property not only appeals to potential tenants but also adds to the overall value of the investment. Measurements are approximate buyer must verify if important.

143 N Claire Avenue, Panama City
$338,000
3 Beds ⋅ 3 Baths ⋅ 750172 MLS
Currently Fully rented at 3200 a month! Welcome to your next investment property.Key Features:Proximity to Tyndall Air Force Base: Enjoy the convenience of being in close proximity to Tyndall Air Force Base, making this property an ideal choice for military personnel.Recent Upgrades: This home has been meticulously maintained and upgraded with modern features, including:PEX Piping: the water lines have been re-piped with durable PEX piping, ensuring reliability and longevity.New Flooring: Enjoy brand new, stylish flooring throughout the both units, providing both aesthetic appeal and easy maintenance.Fresh Paint: The interior has been painted with neutral tones, creating a welcoming and contemporary atmosphere.New Windows: Energy-efficient new windows not only enhance the curb appeal but also contribute to a more comfortable and cost-effective living environment.New Bathtubs: new bathtubs, Development Potential: Unlock the full potential of this property! With the ability to possibly add three more units on the back end, the opportunities are endless. The property is mixed-use, allowing for a variety of options, including the potential to rent out the front unit as a commercial building.Perfect Investment: With its strategic location, recent upgrades, and development potential, this property represents a perfect investment opportunity Call today to learn more about this fantastic investment.

6231 E hwy 98, Panama City
$212,000
5 Beds ⋅ 2 Baths ⋅ 749708 MLS
Located in Downtown Panama City, Fl, a great rental area, this duplex has been rented for years past. Home is on a large lot with a shed out back. One unit is currently being rented, the other is vacant and ready to be shown. Great income producing property!Large rooms, Large land space on a corner lot. $1100 & $1300 rental amounts.

1001 Oak Avenue Unit A & B, Panama City
$240,000
6 Beds ⋅ 4 Baths ⋅ 749613 MLS
Highest and best by 12/1/23 INVESTORS! Seize a unique opportunity! This duplex located near Tyndall AFB and Panama City amenities has potential for a steady passive income. 3 bedrooms and 2 baths on each side. Don't miss out on this lucrative investment. More pictures to come.

6519-6521 Winona Street, Panama City
$365,000
4 Beds ⋅ 4 Baths ⋅ 749082 MLS
'CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS' Spectacular WATERFRONT property nestled along Massalina Bayou offers effortless access to deep waters for fishing and memorable days at Shell Island! This fantastic opportunity includes the adjacent vacant corner lot at 403 E 4th St, which is ready for development. You'll have a generous 168.8 feet of combined water frontage, making it a waterfront dream.Located just steps from the charming attractions of historic downtown Panama City, this quadriplex features one-bedroom, one-bathroom units with long-term tenants in place. While it requires some tender loving care, there's immense potential waiting to be unlocked.The property boasts a brand-new roof installed in July 2020, ensuring solid protection. However, some interior updates are needed due to water damage incurred prior to the roof replacement. With its prime location and incredible possibilities, this property is an exciting prospect for savvy investors.

405 E 4th Street, Panama City
$470,000
8 Beds ⋅ 8 Baths ⋅ 748902 MLS
100% OCCUPANCY! Looking for a property for a 1031 Exchange or just a great investment opportunity?! Here it is!! Conveniently located to Tyndall AFB, East Bay, dining, and shopping, this quad offers it's tenants a desirable place to call home. Relax knowing the roofs on each unit were replaced October 2023 and last year the windows were replaced and the exterior got a fresh coat of paint. 3 of the units have received new flooring and fresh paint. The 4th unit has a long term tenant that takes great care of the unit. Each unit comes equipped with fridge, dishwasher, stove, and hood. The floor plans are similar in each unit. The first level features an open living concept with entry foyer, kitchen, dining area, living room, half bath and exterior storage room with washer and dryer connections. The second level offers 2 bedrooms with spacious closets and a full bath off the hallway between the bedrooms. PLEASE DO NO DISTURB TENANTS

6913 Cherry Street Unit U,V,W,X, Panama City
$220,000
4 Beds ⋅ 2 Baths ⋅ 747164 MLS
INVESTOR ALERT! Ready to own an entire duplex? This is your opportunity. Live in one and rent the other or rent both. This solid block home has been very well maintained, Landscaping has been very well kept up. Interior would need flooring and paint. Home is equipped with a heating system. Deep well located in the rear of the home site. Large fenced yard. On City water and sewer. New roof installed in 2018. unit 123 has an enclosed patio which could be converted into a 3rd bedroom.

123 & 125 Keystone Plaza, Panama City
$179,000
3 Beds ⋅ 2 Baths ⋅ 746921 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' CONVENIENT TO TYNDALL AFB & SHOPPING IS THIS ADORABLE DOLL HOUSE HALF OF DUPLEX. CROWN MOLDING IN MOST EVERY ROOM. OPEN FLOOR PLAN - KITCHEN HAS BREAKFAST BAR. LOW MAINTENANCE EXTERIOR WITH BRICK & VINYL SIDING. FLORIDA ROOM 9X18 IS FULLY ENCLOSED AND HEATED/COOLED WITH HOME A/C.

6215 Pridgen Street, Panama City
$275,000
4 Beds ⋅ 2 Baths ⋅ 746858 MLS
Great Investment opportunity! Just 15 minutes from Tyndall Air Force Base and 30 minutes to Mexico Beach. Price includes both sides of this duplex. Each side has 2 bedrooms and 1 bathroom. This property sits on almost half an acre lot and has a newer privacy fence in the front and side. Property has been freshly painted. No flood insurance required! Property also includes a large double side sign... another great opportunity... Call now!

277 N Star Avenue, Panama City
$278,000
746685 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3907 11th & 3900 Wave St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3909 E 11th Street Unit A,B,C,D, Panama City
$278,000
746684 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3909 11th St 3903, 3907 11th & 3900 Wave St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3907 E 11th Street Unit A,B,C,D, Panama City
$278,000
746683 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3907 11th & 3900 Wave St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3903 E 11th Street Unit A,B,C,D, Panama City
$233,300
746682 MLS
Multi-unit Bldg. Four 2 bedroom 1 bath apartments. 3903, 3907 11th St also available. All information taken from appraiser site & sizes approx., Buyer to verify.

3900 Wave Avenue Unit A,B,C,D, Panama City
$250,000
746681 MLS
Multi-unit Bldg. Four 1 bed/1 Bath units. All information taken from appraiser site & sizes approx., Buyer to verify

923 Sanders Lane Unit A,B,C,D, Panama City
$295,000
8 Beds ⋅ 8 Baths ⋅ 746680 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'Townhouses for sale, this is the entire building in one sale..Each unit is 2 Bedrooms, 1.5 bath,. All information taken from appraiser site & sizes approx., buyer to verify.

6333-6339 Omoko Street, Panama City
$450,000
2 Beds ⋅ 1 Baths ⋅ 745600 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to the opportunity to purchase two duplexes (4 units) located in St. Andrews. These well-maintained and professionally managed duplexes are located in the sought-after St. Andrews area of Panama City, FL have provided consistent and stable cash flow! These two charming duplexes (4 units) present a fantastic investment opportunity with their convenient location, strong rental demand and desirable features.Each unit offers two bedrooms and one bathroom, with a spacious living room, open kitchen, central heat & air, washer and dryer hook up (each unit) that provides comfortable and functional living spaces. The brick facades exude functional appeal and durability, and the fenced backyards ensure privacy and an excellent outdoor space for tenants and pets.Situated on a corner lot, the duplexes offer dedicated off-street parking, adding to the convenience and easy access to residents' front doors. Recent updates include new roofs and privacy fences installed in 2019. The long-term tenants and consistent occupancy history showcase the strong demand for quality apartment homes in this area.Residents will appreciate the prime location, as these duplex buildings are close to several grocery stores, retail areas on W 15th St & 23rd Street, St. Andrews restaurants, hospitals, and area employers, offering easy access to everyday necessities and amenities.Currently, the rents are below market at $800/month, but similar St. Andrews apartment units are achieving $1,100 to $1,200 in the current market, making these duplexes an enticing investment opportunity with the potential for increased rental income.Don't miss this chance to own these income-generating duplex apartment homes in the desirable St. Andrews area of Panama City.

1517 Clay (Two Duplexes) Avenue Unit A & B, Panama City
$220,000
6 Beds ⋅ 4 Baths ⋅ 744629 MLS
Under Contract - 'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'Large occupied duplex consisting of 3 bed/2 bath per unit. Rents are under market totaling $1900 per month.Tenants pays all utilities. Duplex has been updated in 2019 with new roof, flooring, paint. Recently installed brand new AC in unit A. Principle of corporation is a licensed Florida realtor.All information deemed reliable, please verify for accuracy.

1110 Sheffield Avenue Unit A & B, Panama City
$190,000
3 Beds ⋅ 3 Baths ⋅ 744012 MLS
**||**INVESTMENT PROPERTY at a 7 CAP **||** This is a *fantastic* investment opportunity in Panama City, FL, near the rebuilt, better than ever Tyndall Air Force Base. Each unit currently generates between $775 - $800/ month in rental income. This well-maintained triplex is the perfect property for savvy investors or anyone looking to own a piece of the thriving real estate market in this desirable location. Each unit in this triplex boasts a well-designed layout, providing comfortable living areas. Don't miss out on the chance to own this charming triplex near Tyndall Air Force Base in Panama City, FL. If YOU are looking to invest, this property promises potential.

6521 Chipewa Street Unit A, B, C, Panama City
$245,000
4 Beds ⋅ 2 Baths ⋅ 743850 MLS
Newly renovated duplex, each side with 2-bedrooms and 1-bath plus laundry room. Both units are currently tenant occupied so interior photos are not allowed to be publicized, each tenant pays $1,050.00 per month. All renovated 2-years ago, including roof, flooring, HVAC, tankless water heaters, kitchen cabinets, countertops, appliances, bathrooms and fence. All Information is deemed to be reliable, but is not guaranteed, buyer to verify if important.

4002 E 11th Street Unit C & D, Panama City
$1,050,000
740921 MLS
Here is your opportunity to purchase a 15 unit multifamily apartment complex with commercial road frontage property. This listing consists of two parcels of property. The Hwy 22 road frontage parcel is Parcel ID # 06086-010-000 which consists of .46 acre of vacant road frontage land. The second parcel is Parcel ID # 06086-000-000 which consists of 1.58 acres of land and holds 15 two bedroom one bath residential apartment units. There are currently 3 duplexes and 3 triplexes on this parcel. There are currently 7 occupied units at $1,100 per unit per month. There are several units that are in need of remodel (see photos.) At full occupancy, gross income would be $16,500 per month or higher with potential to rebuild several more units. Prior to Hurricane Michael, there were several more units on road frontage parcel. Slabs are still in place which would give potential Buyer more space for more units to be built. This property is just around the corner from Super Walmart, Starbucks, restaurants, shopping and a very short drive to Tyndall Air Force Base.

5802 E Highway 22, Panama City
$1,100,000
733889 MLS
Four duplexes, 2 bedroom/2 bath in each of the eight units, in central Panama City close to everything. These units were taken down to the concrete block walls and studs after Hurricane Michael and completely rebuilt with new roof, new PVC plumbing from all fixtures in slab to outside, all plumbing lines with PEX, spray foam on roof deck, new HVAC units and ductwork, new appliances, completely new sheetrock, new plumbing fixtures, new lighting fixtures, new electric service and wiring, new flooring, indoor laundry room and much more. Layout and spec sheet in photos and in documents

810 E 25th Street, Panama City
$99,000
6 Beds ⋅ 2 Baths ⋅ 728386 MLS
Highly motivatwd seller! Bring all offers. Investor Alert! Zoned multi-family (1-8 units). Property has 2 homes on it. Both homes need to be torn down according to the city. Add 4 duplexes or 8 tiny homes. Call your favorite realtor today.

224 N Highway 22 A, Panama City