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209 Sherman Avenue

Panama City FL 32401

4
4
1920 sq. ft.
Duplex
Currently for sale - view listing

Overview

INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

Features

4 bedrooms
4 bathrooms
1920 sq. ft. floor area
Duplex

Happy sellers in Panama City

89%
89% 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 9 reviews in Panama City over the last 12 months.

Local market activity for 4 bedroom duplexes in Panama City

In the last 12 months, 2 four-bedroom duplexes similar to 209 Sherman Avenue, have been sold.

This represents a 34% increase in four-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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