644 W Caladium Circle, Panama City Beach, FL 32413

1982

YEAR BUILT

$3,700,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-11008696

Type of Building: Free Standing, Income and Resident. Multi-Fam.


For More Information Call:

561-283-4663

Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer!


Broker Reciprocity Logo

This listing is courtesy of Luxe Coastal Realty Group LLC. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

BeachesMLS Logo

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc.

  • Acres0.26 acres
  • Available DocumentsNone
  • Available InformationCopies of Lease and Full Financials
  • CityPanama City Beach
  • CoolingCeiling Fan and Electric
  • CountyBay
  • DirectionsFrom Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.
  • Expenses: Insurance$26,573.09
  • Expenses: Maintenance & Repair$29,966.43
  • Expenses: R.E. Taxes$10,981.10
  • Expenses: Utilities$40,347.87
  • Fire ProtectionSmoke Alarm and Smoke Detector
  • FlooringOther
  • For LeaseNo
  • For SaleYes
  • HeatingElectric
  • LeaseNone
  • Legal DescriptionOPEN SANDS LOTS 1 & 2 BLK A ORB 1586 P 719 ORB 2581 P 1644 ORB 2849 P 518
  • List Price$3,700,000
  • List Price/SqFt$383.02 / sqft
  • Listing DateWednesday, July 31st, 2024
  • Listing IDRX-11008696
  • Listing Price$3,700,000
  • Listing StatusActive
  • Multiple Offers AcceptedYes
  • Number of Stories2
  • Number of Toilets26
  • Percent Air Conditioned100%
  • PossessionFunding
  • Property DescriptionMulti Fam
  • Property TypeCommercial
  • Real Estate Taxes$14,337.80
  • RoofComp Shingle
  • Sale IncludesBuilding and Land
  • SqFt SourceFloor Plan
  • State/ProvinceFL
  • StatusActive
  • Status Change DateWednesday, July 31st, 2024
  • Street NameCaladium
  • SubdivisionOpen Sands
  • Tax Year2023
  • Tenant PaysCable
  • Terms ConsideredCash and Conventional
  • Total Building SqFt9,660 sqft
  • Total Units in Building26
  • TypeMultiFamily (5+ Units)
  • Type of BuildingFree Standing, Income and Resident. Multi-Fam.
  • UtilitiesElectric, Public Sewer and Public Water
  • Virtual TourYes
  • WaterfrontNo
  • Year Built1982
  • Zip Code32413
  • ZoningPCB17

Share