For Sale
$1,850,000
1631 James Ave Panama City, FL 32405
12-unit multifamily, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 12-unit multifamily, high ROI potential.
- Where is the apartment building located?
- The property is located at 1631 James Ave Panama City, FL.
- What is the asking price?
- The asking price for this property is $1,850,000.
- What are key features of this property?
- This property features: 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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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