RateMyAgentGo to search
Back 240 Harmon Avenue
Active

240 Harmon Avenue

Panama City FL 32401

29796 sq. ft.
45738 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Discover an exceptional investment opportunity with this fully renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22-slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one-bedroom units, each 650 sq. ft., and 22 two-bedroom units, each 920 sq. ft., designed for comfortable, modern living. Recent renovations in 2020 have transformed 22 of these units down to the ''studs,'' bringing them up to contemporary standards with high-quality finishes. New roofs and mechanicals provide peace of mind, while stainless appliances and composite floors enhance the style and functionality of each living space. Every unit features new interior sheet rock, insulation, siding, windows, and doors, all compliant with the 2019 Miami / Dade FL Building Code. Currently 100% occupied, the property is a beacon of stability and profit potential. With $4.4 million in fixed-rate 3.75% assumable, non-recourse financing available, this is a rare chance to secure a prime asset in a sought-after location with immediate cash flow. Don't miss the opportunity to own this unique, garden-style apartment community that combines luxury living with waterfront charm.

Features

29796 sq. ft. floor area
45738 sq. ft. lot size
Multi-Family

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 7 reviews in Panama City over the last 12 months.

Local market activity for multi families in Panama City

In the last 12 months, 2 multi families similar to 240 Harmon Avenue, have been sold.

This represents a 50% increase in multi families sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap