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Property Photos
240 Harmon AvenueListing photo id 1 for 240 Harmon Avenue Listing photo id 2 for 240 Harmon Avenue Listing photo id 3 for 240 Harmon Avenue Listing photo id 4 for 240 Harmon Avenue Listing photo id 5 for 240 Harmon Avenue Listing photo id 6 for 240 Harmon Avenue Listing photo id 7 for 240 Harmon Avenue Listing photo id 8 for 240 Harmon Avenue Listing photo id 9 for 240 Harmon Avenue Listing photo id 10 for 240 Harmon Avenue Listing photo id 11 for 240 Harmon Avenue Listing photo id 12 for 240 Harmon Avenue Listing photo id 13 for 240 Harmon Avenue Listing photo id 14 for 240 Harmon Avenue Listing photo id 15 for 240 Harmon Avenue Listing photo id 16 for 240 Harmon Avenue Listing photo id 17 for 240 Harmon Avenue Listing photo id 18 for 240 Harmon Avenue Listing photo id 19 for 240 Harmon Avenue Listing photo id 20 for 240 Harmon Avenue Listing photo id 21 for 240 Harmon Avenue Listing photo id 22 for 240 Harmon Avenue Listing photo id 23 for 240 Harmon Avenue Listing photo id 24 for 240 Harmon Avenue
  • MLS#: 769961 ( CommercialSale )
  • Street Address: 240 Harmon Avenue
  • Viewed: 79
  • Price: $6,700,000
  • Price sqft: $225
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bayou,GulfAccess
  • Year Built: 1966
  • Bldg sqft: 29796
  • Days On Market: 146
  • Additional Information
  • Geolocation: 30.1504 / -85.6568
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Luxe Coastal Realty Group LLC
  • DMCA Notice
  • Description
    Discover an exceptional investment opportunity with this fully renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22 slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one bedroom units, each 650 sq. ft., and 22 two bedroom units, each 920 sq. ft., designed for comfortable, modern living. Recent renovations in 2020 have transformed 22 of these units down to the ''studs,'' bringing them up to contemporary standards with high quality finishes. New roofs and mechanicals provide peace of mind, while stainless appliances and composite floors enhance the style and functionality of each living space. Every unit features new interior sheet rock, insulation, siding, windows, and doors, all compliant with the 2019 Miami / Dade FL Building Code. Currently 100% occupied, the property is a beacon of stability and profit potential. With $4.4 million in fixed rate 3.75% assumable, non recourse financing available, this is a rare chance to secure a prime asset in a sought after location with immediate cash flow. Don't miss the opportunity to own this unique, garden style apartment community that combines luxury living with waterfront charm.
Features
Waterfront Description
  1. Bayou
  2. GulfAccess
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. DAVIS PLAT LOTS 1
  2. 2
  3. 3 & PACL LYING BETWEEN LOT 1 & MASSELINA BAYOU. BLK 5 ORB 4148 P 69 AND PART OF VACATED BLUFF ST R/W . ORD# 2688 ORB 4163 P 171
Levels
  1. Two
Living Area
  1. 0.00
Middle School
  1. Jinks
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 20213-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. Commercial
Property Type
  1. CommercialSale
School Elementary
  1. Cherry Street
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
View
  1. Bayou
Views
  1. 79
Year Built
  1. 1966