1400 Gulf AvePanama City, FL 32401
- Apartment buildings
- 4,600 SF
Property Details for 1400 Gulf Ave
- Year built
- 1977
- Property size (Sq ft)
- 4,600 SF
- Property type
- Apartment buildings
Description
This exceptional 10-unit apartment building, located at 1400 Gulf Ave in Panama City, Florida, presents a compelling investment opportunity. Boasting 4,600 square feet of net rentable space, the property offers a strong 6.50% capitalization rate and a compelling price point of $900,000, or $90,000 per unit. Constructed in 1977, this single-building complex benefits from strong occupancy and consistent rental collections. Analysis indicates approximately 25% rental upside potential, suggesting significant room for increased profitability. The property's convenient location off 15th Street places it less than two miles from downtown Panama City, providing easy access to major shopping centers, diverse dining options, and popular tourist attractions. Situated in one of the top three largest vacation destinations in the nation, this location offers significant advantages. The property's attractive floor plans and proximity to major economic drivers make it a highly desirable rental option for a wide range of tenants. The property's address is 1400 Gulf Ave, Panama City, FL 32401, within Bay County.
Location Insight
- City
- Panama City
- County
- Bay
- State
- Florida
- Latitude
- 30.1737
- Longitude
- -85.6802
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- 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.
- 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 unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].