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Laird Apartments 2 Multifamily Properties Offered at $1,500,000 in Multiple Locations



INVESTMENT HIGHLIGHTS
- Great location!!! Enjoy the beautiful sugary sand and emerald waters of the Gulf of Mexico; just over half a mile from the beach.
EXECUTIVE SUMMARY
4-Plex buildings sitting side by side. This is 2 properties, two-story, with 4 units ea. Sold as a package or individually. Each unit has 3ba/3bths with 1,080 sq. ft. per unit. Plenty of parking spaces per building. Each unit is individually metered for electricity and water. All appliances are electric. Has a metal roof in great condition.
No foundation issues, regardless of stucco appearance. The expert's opinion is that it's one of the best he's seen. Plumbing and electrical systems are in good working condition.
9117 ac units are 5yrs old. Water heaters are 80gl.
No HOA. Average rent is $2,200/mo. plus utilities. This can be owner-occupied, long-term rental, or vacation rental, no restrictions.
No foundation issues, regardless of stucco appearance. The expert's opinion is that it's one of the best he's seen. Plumbing and electrical systems are in good working condition.
9117 ac units are 5yrs old. Water heaters are 80gl.
No HOA. Average rent is $2,200/mo. plus utilities. This can be owner-occupied, long-term rental, or vacation rental, no restrictions.
PROPERTY FACTS
| Price | $1,500,000 | Number of Properties | 2 |
| Price / SF | $131.67 / SF | Individually For Sale | 0 |
| Cap Rate | 14.08% | Total Building Size | 11,392 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Active |
| Price | $1,500,000 |
| Price / SF | $131.67 / SF |
| Cap Rate | 14.08% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,392 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 9117 Laird St, Panama City, FL 32408 | Multifamily | 5,696 SF | 2008 | - |
| 9127 Laird St, Panama City Beach, FL 32408 | Multifamily | 5,696 SF | 2009 | - |
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Laird Apartments
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