Commercial property in Panama City Beach, Florida № 561042

Property description

Rare multi-family opportunity situated in the heart of Laguna Beach steps from the sugar white sands of the emerald coast. 100% leased, the Sandman Community showcases 21 units: 16 u2013 2 Bedroom Apartments | 3 u2013 1 Bedroom Apartments | 1 u2013 2 Bedroom Residence | 1 u2013 1 Bedroom Studio.

Additional structures included are a community pool, pavilion, laundry facility and overflow parking. Many of the units have recently been remodeled to bring a modern touch to this classic development.

Offering over $428K in annually income, Sandman is a sound investment boasting instant cash flow with long term re-development prospects. Opportunities of this nature are rare along the Gulf of Mexico. Do not miss the chance to add this Panama City Beach multi-family complex to your investment portfolio.