$ 3,700,000
644 W Caladium CIR Panama City Beach, FL 32413
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$ 3,700,000
Est. payment | /mo
0.26 Acres Lot
$ 3,700,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Open Sands
MLS Listing ID 760726
HOA Y/N No
Year Built 1982
Lot Size 0.260 Acres
Acres 0.26
Property Description
Welcome to 644 W Caladium! Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer! Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless. Call your favorite agent and secure this opportunity today!
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Waterfront No
View Y/N Yes
View Gulf
Building
Story 2
Entry Level Two
Level or Stories Two
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 33832-001-000 & 33832-003-000
Special Listing Condition Listed As-Is
Listed by Luxe Coastal Realty Group LLC
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