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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