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Willow Oak Court Apartments 2602 Willow Oak Ct 6 Unit Apartment Building $990,000 ($165,000/Unit) 7.98% Cap Rate Panama City Beach, FL 32408
Investment Highlights
- Attractive Land Contract Terms: 85% LTV, 7% Interest, 35-year amortization, 5 Year Balloon
- 100% occupied w/ average rent $1,567
- Newly Constructed in 2020
- Offered for Sale as a Package or Separate
Executive Summary
Constructed in 2020, this 6-unit one story asset consists of all 1 bed 1 bath apartment units, with 3 different layouts. These 3 layouts include, (2) 400 SF units with a kitchenette, (2) 500 SF units with a kitchenette and living room, and (2) 600 SF units with a full kitchen and living room. The Willow Oak Court Apartments boasts several amenities such as individual entrances, common area laundry, and a central private garden just to name a few. This property is offered for sale individually or as a package with Beach Place Condominiums (2 Units Madeira Beach) and Insim Lane(3 Units Leesburg). Please contact HMA for more information before this opportunity is gone.
Property Facts
| Price | $990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $165,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.98% | Building Size | 3,000 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Zoning | R-2 - Residential | ||
| Price | $990,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Zoning | R-2 - Residential |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 4 | - | 500 - 600 |
1 1
Property Taxes
| Parcel Number | 30167-556-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $364,090 |
Property Taxes
Parcel Number
30167-556-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,090
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Willow Oak Court Apartments | 2602 Willow Oak Ct
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