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Property Photos
3533 Us-98  Listing photo id 1 for 3533 Us-98  Listing photo id 2 for 3533 Us-98  Listing photo id 3 for 3533 Us-98  Listing photo id 4 for 3533 Us-98  Listing photo id 5 for 3533 Us-98
  • MLS#: 781440 ( CommercialSale )
  • Street Address: 3533 Us-98
  • Viewed: 36
  • Price: $1,190,000
  • Price sqft: $648
  • Waterfront: No
  • Year Built: 2021
  • Bldg sqft: 1837
  • Days On Market: 44
  • Additional Information
  • Geolocation: 30.1805 / -85.7074
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Lucille Moore
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Keller Williams Success Realty
  • DMCA Notice
  • Description
    Completely revitalized and effectively new as of 2021, this 14 unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long term financial strength. Rent roll and financials available upon request.
Features
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. 36 3S 15W W1/2 OF SW1/4 LOT 17 LESS HWY R/W BLK 10 ORB 4438 P 1171
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. 29030-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. MultiFamily
Property Type
  1. CommercialSale
School Elementary
  1. Lucille Moore
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 36
Year Built
  1. 2021