Historical Multifamily Sale Listing - Lookout Street Apartments

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Lookout Street Apartments

4117 Lookout Street, Panama City Beach, FL 32407

N/A

7 Units | Multifamily

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Multifamily Property - Off Market

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

Description

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

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

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