Coastal Vibes Luxury Group

3533 US-98

Panama City , FL 32401

MLS#: 781440

$1,190,000

Status: Active
Listing number: 781440
Listing provided by: Keller Williams Success Realty
Listing agent phone: None
Last update: 10 days ago
On site: 2 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2021

Sq.Footage

N/A

Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,190,000

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Lucille Moore

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Bay

Elementary School

Lucille Moore

Middle School

High School

Listing Courtesy of Michael S Werner , Keller Williams Success Realty

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Sales Associate

Cara Garcia

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(850) 775-8774

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Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.

3533 US-98

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