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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: 21
    • 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: 36
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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
    • Views: 21

    Contact Info

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