2805 Evelyn Avenue

    Panama City, FL 32405
    • $1,550,000
    • STATUS: Active
    • ON SITE: 462 days
    • MLS #: 675319
    UPDATED: 175 min ago
    $1,550,000
    • 0
      BEDS
    • 1.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare opportunity to purchase a fully occupied multifamily portfolio boasting excellent locations and up keep. This 25 unit portfolio consists of 3 site locations- 1540 Mulberry Avenue (8 units), 2805 Evelyn Avenue (8 units), and 3025 Altha Avenue (9 units). Each property site has an excellent rental history offering the buyer a unique opportunity to diversify and or expand their portfolio with a chance to increase IRR/yield with little to no immediate capital expenditure needed. All units are separately metered for electric, water and sewer. Most of the units boast granite counter tops, stainless appliances, and tile floors for easy maintenance. Stabilized cash flow in highly desirable and growing areas make this a true turn-key opportunity.

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    © 2019 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 Scenic Sotheby's International Realty. Data last updated: 2019-11-22T00:03:49.093.
    www.scenicsir.com/homes/86610372

    2805 Evelyn Avenue Panama City, FL 32405

    • Price: $1,550,000
    • Status: Active
    • Updated: 175 min ago
    • MLS #: 675319
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.44
    Acres
    1976
    Built
    Neighborhood:
    No Named Subdivision
    County:
    Bay
    Area:
    Bay County-Central
    Elementary School:
    Hiland Park
    Middle School:
    Mowat
    High School:
    Multi-Family
    Property Description
    Rare opportunity to purchase a fully occupied multifamily portfolio boasting excellent locations and up keep. This 25 unit portfolio consists of 3 site locations- 1540 Mulberry Avenue (8 units), 2805 Evelyn Avenue (8 units), and 3025 Altha Avenue (9 units). Each property site has an excellent rental history offering the buyer a unique opportunity to diversify and or expand their portfolio with a chance to increase IRR/yield with little to no immediate capital expenditure needed. All units are separately metered for electric, water and sewer. Most of the units boast granite counter tops, stainless appliances, and tile floors for easy maintenance. Stabilized cash flow in highly desirable and growing areas make this a true turn-key opportunity.
    Exterior Features

    Construction Status Construction Complete

    Interior Features

    Sq Ft Total Building 17991.00

    Property Features

    Commercial Sale Sub Type Bay Community Resort None Financing CashConventionalOwner Hoa Fee No List Class Apartment Occupancy Status Occupied Utilities All Utilities

    Listing provided courtesy of Century 21 Commander Realty Inc. Listing information © 2019 Central Panhandle Association of Realtors MLS.


    © 2019 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 Scenic Sotheby's International Realty. Data last updated: 2019-11-22T00:03:49.093.
     
    Scenic Sotheby's International Realty
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    Santa Rosa Beach FL, 32459