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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