2324 E 16th Ct, PANAMA CITY

$219,000

3 Beds
3 Baths
1,320 Sqft
0 Acres
0 Garages

TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW. Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years. Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying).Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer. Well-maintained triplex located in the heart of Panama City. The triplex is situation on a quarter acre lot. Roof is approximately 10 years old. Each unit has a window heating/air conditioning unit. Total heated/cooled square footage is 1,320 square feet. Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen. Tenant is responsible for all maintenance and lawn upkeep.

Essential Information
MLS® #946006
Price$219,000
Bedrooms3
Bathrooms3.00
Full Baths3
Square Footage1,320
Acres0.00
Year Built1960
TypeResidential
Sub-TypeAttached Single Unit
StyleTriplex
StatusPending
Last Taxes0.00
Community Information
Address2324 E 16th Ct
AreaBay County
SubdivisionNO RECORDED SUBDIVISION
CityPANAMA CITY
CountyBAY
StateFL
Zip Code32405
Amenities
PoolCommunity, Private
Utilities

Electric Available, Public Sewer Available, Public Water Available

Interior
HeatingHeat: Central Electric
CoolingA/C: Central Electric
# of Stories1
School Information
ElementaryCEDAR GROVE
MiddleMowat
HighBAY
Additional Information
Days on Website35
ZoningResidential Multi-Family
HOA Fees0.00
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Courtesy Of Keller Williams Realty SRB. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on May 3rd, 2024 at 4:00am CDT.

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