1902 Louise Avenue #A,B,C&D
Panama City, FL 32405
2163 sqft | 6 beds | 4 baths | 0.33 acres | #769731
Description
This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner-occupier.FHA!!- gross income at the current rate is $48,500.00- Insurance is $4000- Taxes are $5,673.36- Vacancy and Maintenance at 5% is $2425- Net Operating income is $36,401.64- CAP Rate is 7.2%
Property Details
- SubdivisionDrummond & Ware Add
- Utility FeaturesCable Connected
- Elementary SchoolLucille Moore
- Property SubtypeQuadruplex
- Property TypePurchase
- Taxes Annual$5,910
- MLS #769731
- Cost499900
- MLS #769731
- Middle SchoolJinks
- Acres0.33
- Square Feet2163
- Year Built1942
- High SchoolBay
- CountyBay
- Bedrooms6
- Bathrooms4
- Full Baths4
- Days on Market (Cumulative)6
Location
Legal
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Last Updated: . Source: CPAR
Listing Courtesy
Listing Agent: Alex Ismail (#B8402)
Listing Office: Sand Seeker Realty LLC (#SSRL)
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