116 N Highway 22-A, Panama City, FL 32404

$499,900
14,000
SqFt
List Price
$499,900

Property Description

Great investment opportunity due to shortage of rentals. This property has 16 units of which 10 are currently rented bringing in over $7000 gross per month. Two units do need some work etc. All units have their own meters etc. Seller expenses are very minimal with around net $80,000 annually. Additional land available to build more units. Corner lot 5007 Cherry Street is also available for sale.

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Calculator source: Real Geeks

Listing courtesy of Coastal Sun Realty LLC.