House in Panama City, Florida 15 bedrooms, 485.14 sq.m. № 561144

Property description

Incredible investment opportunity to own 6 rental units over 4 newly remodeled buildings generating over $78,000 in gross annual income! This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in ''X'' flood zone. All buildings have new 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units, has been fully remodeled down to the studs and consists of a total of 8 bedrooms and 5 new bathrooms. It has a large front porch, three new HVAC units, with all new kitchens with new appliances. On the lower level of the property, you will find a 3-bedroom, 2-bathroom split floor plan unit (Unit 2) with new luxury vinyl plank (LVP) flooring throughout and a large living room. This unit alone b This unit alone brings in $1450 per month in rental income. Head upstairs and you will find another spacious 3-bedroom, 2-bathroom unit (Unit 1) with a separate entrance for the master bedroom and ensuite bath.