4340 College Station Panama City
$1,600,000
Multi
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Multi Family Investment Opportunity. Property consists of 6 Detached Single Family homes on approximately 7.5 acres of land in central Panama City, Florida. The property also includes additional lots to build more homes. There are currently 4 homes on College Station Rd. and 2 homes on private drive behind front 4 homes. This property is located right off Hwy 231 at the intersection E. Hwy 390 and Hwy 231. The neighborhood is only about 10 minutes to 23rd St shopping corridor. This is a great investment package for investors looking to increase their real estate portfolio. The property addresses included in the sale are 4347 College Station Rd, 4350 College Station Rd, 4400 College Station Rd, 4402 College Station Rd, 4403 College Station Rd. and 4415 College Station Rd. Current monthly rental income on 5 homes is $8,945. One of the homes (4403 College Station) needs repairs (interior gutted) and is not currently rented.
This listing is maintained by COLDWELL BANKER UNITED.
Property Details
| MLS# | 748408 |
| Status | Active |
| Property Type | Multi |
| Bedrooms | 19 |
| Bathrooms | 12 full, 0 half |
| H/C Sqft | 10,000 |
| Acreage | 7.5 |
| Lot Dimensions | 550 x 650 |
| Year Built | 1972 |
| Taxes | $5,725.00 in 2022 |
| HOA | No HOA Fees |
Features
| Interior | Recessed Lighting, Split Bedrooms, |
| Appliances | Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator, |
| Community Amenities | Short Term Rental Allowed, |
| Energy | Central Air, Ceiling Fans, Electric, |
| Utilities | Cable Available, Electricity Available, Phone Available, Septic Available, Water Available, |
| Parking | Garage, |
| Lot | Cleared, Interior Lot, |
Location
| Elementary School | Tommy Smith |
| Middle School | Merritt Brown |
| High School | Bay |
| Zip Code | 32404 |
| Area | Bay County - Central |
| Sub-area | Bay - Central NE |
| Subdivision | [No Recorded Subdiv] |
