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

Powered byLuxury Presence