This property is Off-Market

225 Cherry Street
Panama City, FL 32401 ·

12 Units · Multifamily For Sale

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Price N/A Property Use Type Investment
No. Units 12 Cap Rate 6.50%
Building Size 11,150 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1984
Listing ID: 13992073 Date Created: 08/17/2004 Last Updated: 11/01/2004

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

Highlights

  • Condo Conversion Potential
  • Low Maintance
  • Waterfront Downtown Location

Research

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

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