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Size: 0.42 Acres
Home: 6 beds - 5 full baths

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Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL-Historic St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3-bedroom, 2-bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 - $1,200 a month. Unit 3 and 4 - $450 a week. Water bill $500 a month for all 4 units. Electric - $300-$400 a month for 4 units. Solar panels - $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income. Don't miss out - call today to schedule the showing!

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Coldwell Banker Realty

Panama City Beach, FL

(443) 668-2388

Anastasiia Dmytrenko

Coldwell Banker Realty
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Is this your property? Sell it faster with premium placement and targeted ads.