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1300 Grace Avenue

Panama City FL 32401

8652 sq. ft.
13939.2 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Exceptional turn-key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained offering low overhead for the next owner. Property is and has been professionally managed. Capture appreciation due to a growing market while you sit back and collect your cash flow. Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. Contact listing agent today for more info.

Features

8652 sq. ft. floor area
13939.2 sq. ft. lot size
Multi-Family

Property history for 1300 Grace Avenue

2017
Sold
$590,000
06 Oct 2017 by Cain McNeil, of Century 21 Commander Realty

Happy sellers in Panama City

90%
90% of sellers in Panama City reported that their sale price either exceeded or met their price expectations.

Panama City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Panama City over the last 12 months.

Local market activity for multi families in Panama City

In the last 12 months, 4 multi families similar to 1300 Grace Avenue, have been sold.

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