For Sale
$1,850,000
1631 James AvePanama City, FL 32405
12-unit multifamily, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 972 SF two-bedroom, one-and-a-half-bath townhouse units.
- Historically near 100% occupancy, averaging $1274.17 in monthly rent.
- All utilities paid by tenants.
- Rents are $50-$150 below market; current average rent is $1274.17, compared to competitor averages of $1350-$1400.
- Significant recent capital improvements (2019-2023) including new windows, doors, appliances, flooring, bathroom fixtures, water heaters, and driveway.
Property Details for 1631 James Ave
- Property type
- Apartment buildings
- Class
- B
- Year Built
- 1983
- Buildings
- 3
- Stories
- 2
- Units
- 12
Location Insight
- City
- Panama City
- County
- Bay
- State
- Florida
- Latitude
- 30.177989120906
- Longitude
- -85.623771991501
1631 James Ave, Panama City, Florida
Nearby Similar for Sale
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