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 PROPERTY 803 Oak Avenue, Panama City, FL 32401, MLS#787848 - Residential
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Hardeep Kumar Yh

HR Moon Homes
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803 Oak Avenue
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PRICED AT ONLY: $496,000

Address: 803 Oak Avenue, Panama City, FL 32401

Description

Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: Unit 1: 2 bedrooms, 1 bath Unit 2: 1 bedroom, 1 bath Unit 3: 3 bedrooms, 2 baths Seller says current rental income Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500 $700/month bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three flexibility makes this property ideal for both investors and owner occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

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  • MLS#: 787848 ( Residential )
  • Street Address: 803 Oak Avenue
  • Viewed: 8
  • Price: $496,000
  • Price sqft: $170
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 2914
  • Bedrooms: 6
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 13

Description

Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: Unit 1: 2 bedrooms, 1 bath Unit 2: 1 bedroom, 1 bath Unit 3: 3 bedrooms, 2 baths Seller says current rental income Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500 $700/month bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three flexibility makes this property ideal for both investors and owner occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Patio
  • Fencing: Partial
  • Flooring: LuxuryVinylPlank
  • Living Area: 0.00
  • Roof: Composition, Shingle
Land Information
  • Lot Features: Paved
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Ductless
  • Heating: Central, Ductless, Electric
  • Road Frontage Type: CityStreet
  • Utilities: ElectricityAvailable, SewerAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Appliances: ElectricRange, TanklessWaterHeater
  • Legal Description: GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 19998-010-000
  • Style: Triplex
  • The Range: 0.00
Nearby Subdivisions
[no Recorded Subdiv]   Bayou   Bayou Plat   Bayview Add   Bayview Heights   Bry-co Park   Bunkers Cove   Caroline Add Unit 1 Amend   Caroline Add Unit 2   Caroline Addition   Cogburn's 1st Add   Cove   Cove Pointe   Cove Terrace   Cove Terrace 3rd Add   Del-mar Plat   Dell Whatley   Dixie Heights   East Bay Preserve   East Springfield   Ellis, E.d.   Glenwood Addition   Grove Heights   Grove Hill   Gulf Coast Dev Co Plat   Gulf Coast Dev Second Addition   Gulfview Addition   Harmon Plat   Holmes Add- Millville   Hursts Replat   Keiths Bay Harbor Add   Lakeside   Landing At Lake Caroline   M. N. Kneece Replat   Massalina Bayou Townhouses   N Highland   No Named Subdivision   Oakland Terr Sub 18th   Old Mill Addition   Old Orchard   Old Orchard 1st Add   Old Town Plat   Pine Crest Add To Callaway   Pine Forest Est Ph 1   Pine Orchards Hgts 1st Add   Pine View   Pinecrest Add.   Robindale   Rosenwald Heights   Shermans 2nd Add   Springfield   St Andrew Estates   Sudduths 10th Add   Sudduths 18th Add   Sudduths 1st Add   Sudduths 4th Add  

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