2600 E 1st Plaza, Panama City, FL 32401
- $675,000
- 6
- BD
- 6
- BA
- List Price
- $675,000
- MLS#
- 794807
- Bedrooms
- 6
- Bathrooms
- 6
- Full-baths
- 6
- Acres
- 0.35
- Lot Size
- 15,246
- Subdivision
- Fairview
- Year Built
- 2023
Property Description
Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.
Additional Information
- Stories
- 1
- Lot Dimensions
- 147.0 ft x 105.0 ft
- Elementary School
- Cherry Street
- Middle School
- Jinks
- High School
- Bay
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Listing courtesy of ERA Neubauer Real Estate Inc.