Active
644 W Caladium Circle
Panama City Beach FL, 32413
$3,700,000
Active
Commercial
Welcome to 644 W Caladium! Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located by restaurants, shopping and everything that Panama City Beach has to offer! Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless. Call your favorite agent and obtain this opportunity today!
956090
MLSⓇ ID
August 2, 2024
Listed
November 22, 2024
Updated
Map
644 W Caladium Circle
Panama City Beach FL, 32413
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Other Property Details
Area Name
27 - Bay County
Days on Market
73
Garage
No
View
No
County
Bay
Pool
No
Courtesy of Luxe Coastal Realty, Marcy L O'Donnell,
Listing Contact: 848-220-5555
IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
©2024 Emerald Coast Association of REALTORS. All rights reserved.
Data last updated 12:57 PM UTC, 11/22/2024