Coastal Vibes Luxury Beach Group

Triplex

803 Oak Avenue

Panama City , FL 32401

MLS#: 787848

$496,000

Status: Active
Listing number: 787848
Listing provided by: Local Insight Realty
Listing agent phone: None
Last update: 3 hours ago
New on site today
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Gulf Coast Dev Co Plat - Residential

Property

Beds

6

Full Baths

4

1/2 Baths

None

Year Built

1964

Sq.Footage

2,914

Investment Opportunity in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    Central Air, Ductless

  • Heating YN

    YES

  • Heating

    Central, Ductless, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Patio and Porch Features

    Patio, Covered

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.37

  • Property Type

    Residential

  • Property Sub Type

    Triplex

  • Architectural Style

    Triplex

Price

  • Sales Price

    $496,000

  • Sq. Footage

    2, 914

  • Price/SqFt

    $170

HOA

  • Association

    No

School District

  • Elementary School

    Cherry Street

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • Stories

    1

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Location

County

Bay

Elementary School

Cherry Street

Middle School

Jinks

High School

Bay

Listing Courtesy of Beth Christie , Local Insight Realty

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Agent Cara Garcia & Shannon Sleeper

Team Leaders / Full time REALTORS®

Cara Garcia & Shannon Sleeper

Call Cara Garcia & today to schedule a private showing.

(850) 775-8774

(804) 832-4459

CVLBG2021@gmail.com


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Investment Opportunity in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

803 Oak Avenue

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