644 Caladium Cir Panama City Beach, FL 32413

This exceptional investment opportunity presents a 26-unit multi-family property located at 644 W Caladium Circle, Panama City Beach, Florida, 32413. The property, built in 1982, encompasses 9,660 square feet and boasts a prime beachfront location directly across from the Gulf of Mexico. The complex comprises 22 studio units, two one-bedroom/one-bathroom units, and two two-bedroom/one-bathroom units. All 26 units have recently undergone a complete renovation, featuring fresh paint, new composite flooring, updated fixtures, and brand new bathrooms and appliances. Currently operating at full occupancy with an average monthly rent of $1,000 per unit, this property offers immediate cash flow from day one. The strong rental demand and high potential for rent increases in this highly sought-after location present a significant upside for future returns. The property's versatility is a key advantage; it could continue operating as an apartment complex, be converted into a hotel-style short-term rental operation, or potentially be subdivided into individual condo units for separate sale. This presents a unique opportunity for investors seeking a high-yield, beachfront property with diverse development potential. The asking price for this exceptional property is $3,700,000.