5110 E 11th Court

    Panama City, FL 32404
    • $75,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 690089
    UPDATED: 48 min ago
    $75,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Cap Rate 26%! This unique duplex property is a mobile home that has been renovated to have two one bed/one bath units. The units are each rented for $260/week and this amount includes electric, water, sewer, garbage, pest control and AC filter changes monthly. The gross income is $27,040 with expenses including taxes of $7,200 (electric $325 in summer, water/sewer/garbage $175, pest control/AC filter $35 and taxes $65) for a net return of $19,840 annually. There are lease agreements in place for each side ending in May 2020 and June 2020. This is the honey pot property. The seller has 5 other investment properties available for sale as well. She is relocating out of state and selling all of them. Please do not disturb the tenants. No viewing appointments without an executedcontract and proof of funds. There is no sign on the property. A new metal roof was installed after the hurricane. This is centrally located to the paper mill, Eastern Shipbuilding and Tyndall AFB. Shopping, restaurants and banking are all within walking distance.

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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: 2019-11-18T21:04:02.147.
    www.scenicsir.com/homes/100261283

    5110 E 11th Court Panama City, FL 32404

    • Price: $75,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 690089
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1986
    Built
    Neighborhood:
    Pinnacle Pines Estate
    County:
    Bay
    Area:
    Bay County-Central
    Elementary School:
    Cedar Grove
    Middle School:
    Everitt
    High School:
    Income Producing
    Property Description
    Cap Rate 26%! This unique duplex property is a mobile home that has been renovated to have two one bed/one bath units. The units are each rented for $260/week and this amount includes electric, water, sewer, garbage, pest control and AC filter changes monthly. The gross income is $27,040 with expenses including taxes of $7,200 (electric $325 in summer, water/sewer/garbage $175, pest control/AC filter $35 and taxes $65) for a net return of $19,840 annually. There are lease agreements in place for each side ending in May 2020 and June 2020. This is the honey pot property. The seller has 5 other investment properties available for sale as well. She is relocating out of state and selling all of them. Please do not disturb the tenants. No viewing appointments without an executedcontract and proof of funds. There is no sign on the property. A new metal roof was installed after the hurricane. This is centrally located to the paper mill, Eastern Shipbuilding and Tyndall AFB. Shopping, restaurants and banking are all within walking distance.
    Exterior Features

    Construction Siding Foundation - Off GradeFrameRoof - MetalSiding - Vinyl Construction Status Construction Complete Frontage Ft 88.00 Lot Depth 123.00

    Interior Features

    Heating Cooling Ac - CentralHeat - Hvac Sq Ft Total Building 984.00

    Property Features

    Commercial Features Furnished - None Commercial Sale Sub Type Rutherford Community Resort None Energy Ac - Central ElectHeat Pump Air To AirWater Heater - Electric Financing CashOwner Hoa Fee No List Class Mobile Home Occupancy Status Occupied Present Zoning Resid Multi-Family Pricing Type Sale Price Sale Type As Is

    Listing provided courtesy of Keller Williams Success Realty. 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: 2019-11-18T21:04:02.147.
     
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