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Panhandle RV Resort 2827 Florida Highway 20 56 Unit Apartment Building $1,200,000 ($21,429/Unit) 10.18% Cap Rate Youngstown, FL 32466
Investment Highlights
- 10%+ Day One Cap Rate
- 25 Miles North of Panama City Beach
- Located Just Outside the Border of Bay County, One of the Largest Military Footprints in the Country, With 3 Major Installations Within an Hour's Driv
- Operates on Well Water and Septic Sewer
- Approximately 30 Miles From Northwest Florida Beaches International Airport
- Amenities Include Wi-Fi, Restrooms, Showers, Laundry Facilities, Clubhouse, Vending Machines, Propane, and Two Fishing Ponds
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $21,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 21.00 AC |
| Cap Rate | 10.18% | Building Size | 937,946 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 56 | Year Built | 1995 |
| Property Type | Multifamily |
| Price | $1,200,000 |
| Price Per Unit | $21,429 |
| Sale Type | Investment |
| Cap Rate | 10.18% |
| Sale Condition | Business Value Included |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 21.00 AC |
| Building Size | 937,946 SF |
| No. Stories | 1 |
| Year Built | 1995 |
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Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 33-1N-11-0000-0004-0000 | Improvements Assessment | $75,259 |
| Land Assessment | $16,765 | Total Assessment | $92,024 |
Property Taxes
Parcel Number
33-1N-11-0000-0004-0000
Land Assessment
$16,765
Improvements Assessment
$75,259
Total Assessment
$92,024
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Panhandle RV Resort | 2827 Florida Highway 20