Historical Multifamily Sale Listing - Bay Anchor

Multifamily For Sale

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Bay Anchor

225 Cherry Street, Panama City, FL 32401

N/A

12 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
12
Building Size:
11,150 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.50%
Occupancy:
100%
No. Stories:
2
Year Built:
1984
Listing ID
13992073
Last Updated
over 1 year ago

Highlights

  • Condo Conversion Potential
  • Low Maintance
  • Waterfront Downtown Location

Description

Excellent Condo conversion Potential! Located in prestigious "The Cove" area of waterfront Downtown Panama City. Complex include 12 apartments. 10 One bedrooms, 2 two bedrooms. Located directly across the street from open water, blocks away froma large marina, walking distance to beautiful downtown. Always 100% rented. Currently rented at below market rates.

at the corner of Wilson Ave and Cherry Street

Map of 225 Cherry Street, Panama City, FL 32401 (Bay County)

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