119 College Avenue Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32401
Key Details
Property Type Single Family Home
Sub Type Traditional
Listing Status Active
Purchase Type For Sale
Square Footage 5,222 sqft
Price per Sqft $147
Subdivision No Recorded Subdivision
MLS Listing ID 954778
Bedrooms 15
Full Baths 9
Construction Status Construction Complete
HOA Y/N No
Year Built 1925
Lot Size 0.410 Acres
Acres 0.41
Property Description
Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units (8 bedrooms and 5 bathrooms), has undergone a comprehensive remodel and was taken down to the studs and built back up with the finest attention to detail. It boasts a large front porch, three new HVAC units, and new kitchens equipped with brand-new appliances.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Multi-Family
Interior
Interior Features Newly Painted,Renovated,Washer/Dryer Hookup
Appliance Cooktop,Refrigerator,Stove/Oven Electric
Exterior
Exterior Feature Patio Covered,Porch,Renovated
Pool None
Utilities Available Electric,Public Sewer,Public Water
Private Pool No
Building
Lot Description Cleared,Corner
Story 2.0
Structure Type Roof Dimensional Shg,Siding Vinyl
Construction Status Construction Complete
Schools
Elementary Schools Cherry Street
Others
Energy Description AC - 2 or More,AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Water Heater - Elect
Financing Conventional,Other