Pending

Listed by Cain McNeil from Century 21 Commander Realty

Source: Bay County Realtors Association #774652

1300 Grace Avenue, Panama City, FL, 32401

$1,150,000

8652 sq. ft.
13939.2 sq. ft.

MultiFam

•

30+ days on the market

What's around 1300 Grace Avenue

About this property

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.

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