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Andrew Iremonger

andrew.iremonger@gmail.com +1(850) 303-0807

$ 275,000

Est. payment | -/mo

4 Beds

4 Baths

1,920 SqFt

Save

$ 275,000

Est. payment | -/mo

Save

4 Beds

4 Baths

1,920 SqFt

Key Details

Property Type Other Types

Sub Type Duplex - All Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $143

Subdivision No Recored Sub

MLS Listing ID 1012259

Style Duplex

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1947

Annual Tax Amount $2,835

Tax Year 2025

Property Sub-Type Duplex - All Units

Source Emerald Coast Association of REALTORS®

Land Area 1920

Property Description

INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

Location

State FL

County Bay

Area 27 - Bay County

Direction Traveling East on Hwy 98, make a right on Sherman Ave. Travel approximately half a mile and the property will be on the Right.

Rooms

Kitchen true

Interior

Cooling Wall/Window Unit(s)

Flooring Floor Tile

Exterior

Utilities Available Electric, Public Water

Roof Type Metal

Garage No

Building

Faces Traveling East on Hwy 98, make a right on Sherman Ave. Travel approximately half a mile and the property will be on the Right.

Foundation Slab

Sewer Public Sewer

Architectural Style Duplex

New Construction No

Schools

Elementary Schools Cherry Street

Middle Schools Jinks

High Schools Bay

Others

Pets Allowed No

Tax ID 22427-000-000

Listed by Bubba McCants EXP Realty LLC

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 303-0807

andrew.iremonger@gmail.com

2 Park Cir SE, Fort Walton Beach, FL 32548, USA

209 Sherman AVE Panama City, FL 32401