Pending

1000 Transmitter Road

Panama City FL, 32401

$1,390,000


$167.27 per sqft

Pending

20 Beds

10 Baths

8,310 sqft

Multi-family

Built in 1986

Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

759896

MLS ID

July 13, 2024

Listed

August 23, 2024

Updated

Map

1000 Transmitter Road
Panama City FL, 32401

Interior Features

Bedrooms

20


Total Bathrooms

10


Full Bathrooms

10


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.36 Acres

School Information

High School

Rutherford


Elementary School

Parker

Other Property Details

Area Name

02 - Bay County - Central


Taxes

$598


Tax Frequency

Annually


Days on Market

40


Garage

No


View

No


County

Bay


Pool

No

Listing History

Date

Event

Price

8/23/2024

Pending

 

Courtesy of EXP Realty LLC, Sully Tariq,
Listing Contact: (850) 851-8624 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Hilary Farnum-Fasth & Jacob Watkins shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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