This Multifamily Property is Off-Market.

4117 Lookout Street
Panama City Beach, FL 32407 ·

7 Units · Multifamily For Sale



Lookout Street Apartments

Price N/A Commission Split 3%
No. Units 7 Cap Rate 6.03%
Building Size 3,550 SF Occupancy 100%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Parking Ratio 10 / 1,000 SF
Property Use Type Investment
Listing ID: 17336301 Date Created: 09/17/2011 Last Updated: 09/17/2011


7 unit courtyard style apartment complex located only 100 feet from sand in Panama City Beach, FL. 100% occupied, currently generating $3900/monthly. Brick building, updated in 2009 (new roof in 2008, new lift station & pumps 2009, new flooring/paint 2009, new wall a/c units 2011). Property zoned SR-2, possible development opportunities. Close proximity to beach keeps these units occupied year round. Out of state owner looking to retire.

Property is located in Panama City Beach, FL,at the far east end of the beach. Located only 100 feet from the sand, south of Thomas Drive. Excellent development location


4117 Lookout Street, Panama City Beach, FL 32407 (Bay County)

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