For Sale
$2,200,000

114 Highway 22 A Panama City, FL 32404

14-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 14-unit apartment complex, located at 114 S Highway 22 A in Panama City, Florida (zip code 32404), presents a lucrative investment opportunity. The property boasts a total of 13,768 square feet situated on a generous 28,314 square foot lot. Constructed in 1984, the complex comprises four separate buildings, each featuring two-bedroom, one-and-a-half-bathroom units. Unit sizes range from 750 to 950 square feet. Larger units (950 sq ft) include in-unit laundry, while smaller units (750 sq ft) offer laundry hookups in attached storage. Many units have undergone renovations and roof repairs following Hurricane Michael, ensuring excellent condition. Currently operating at 100% occupancy, this complex offers immediate cash flow. Its prime location in the heart of Panama City, near shopping, dining, and Tyndall Air Force Base, guarantees strong tenant demand and long-term stability. The asking price for this fully operational apartment business is $2,200,000. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable Florida location.

Highlights

  • $2,200,000 asking price for a 14-unit apartment complex.
  • 13,768 square feet on a 28,314 square foot lot in Panama City, FL.
  • Built in 1984, this multifamily property consists of four separate buildings.
  • Units feature 2 bedrooms, 1.5 baths, and range from 750 to 950 square feet; some units have in-unit laundry.
  • Located near shopping, restaurants, and Tyndall AFB; currently 100% occupied.

Property Details for 114 Highway 22 A

Property type
Apartment buildings, Small apartment buildings
Square Feet
13,768 SF
Year Built
1984

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1449198
Longitude
-85.5997651

FAQs

What type of property is this?
Apartment building - 14-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 114 Highway 22 A Panama City, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: $2,200,000 asking price for a 14-unit apartment complex.; 13,768 square feet on a 28,314 square foot lot in Panama City, FL.; Built in 1984, this multifamily property consists of four separate buildings.
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.
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114 Highway 22 A
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