4117 Lookout Street
Panama City Beach, FL 32407 ·
7 Units · Multifamily For Sale
Lookout Street Apartments
|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
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