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2324 E 16th Court

Panama City, FL 32405
  • $249,000
  • STATUS: Active Under Contract
  • ON SITE: 57 Days
  • MLS #: 754970
Under Contract
UPDATED: 123 min ago
$249,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,320
    SQFT
  • $189
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1960
County:
Bay

School Information

Elementary School:
Middle School:
High School:
Bay

Description

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.

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Better Homes & Gardens Real Estate Emerald Coast. Data last updated: 2024-05-26T00:03:59.837.
www.bealocaldestin.com/homes/149026828
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2324 E 16th Court Panama City, FL 32405

  • Price: $249,000
  • Status: Active Under Contract
  • On Site: 57 Days
  • Updated: 123 min ago
  • MLS #: 754970
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,320
SQFT
$189
$/SQFT
1960
Built
Neighborhood:
No Named Subdivision
County:
Bay
Area:
Bay County-Central
Elementary School:
Cedar Grove
Middle School:
Mowat
High School:
Bay
Property Description
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.
Exterior Features

Garage YN No

Interior Features

Furnished Unfurnished Rooms Full Bath (First Level) Living Room (First Level) Bedroom (First Level)

Property Features

Association YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Lot Size Dimensions 82x132 Occupant Type Occupied Property Sub Type Triplex Waterfront YN No

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Keller Williams Realty Emerald: (850) 654-2900. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Better Homes & Gardens Real Estate Emerald Coast. Data last updated: 2024-05-26T00:03:59.837.
 
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