803 Oak Avenue, Panama City, FL 32401
  • MLS#: 787848 ( Residential )
  • Street Address: 803 Oak Avenue
  • Viewed: 13
  • Price: $496,000
  • Price sqft: $170
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 2914
  • Bedrooms: 6
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 23
  • Additional Information
  • Geolocation: 30.1627 / -85.664
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: Gulf Coast Dev Co Plat
  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Local Insight Realty
  • DMCA Notice
  • Description
    Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: Unit 1: 2 bedrooms, 1 bath Unit 2: 1 bedroom, 1 bath Unit 3: 3 bedrooms, 2 baths Seller says current rental income Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500 $700/month bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three flexibility makes this property ideal for both investors and owner occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.
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Features
Appliances
  1. ElectricRange
  2. TanklessWaterHeater
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
  2. Ductless
Covered Spaces
  1. 0.00
Exterior Features
  1. Patio
Fencing
  1. Partial
Flooring
  1. LuxuryVinylPlank
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Ductless
  3. Electric
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447
Levels
  1. One
Living Area
  1. 0.00
Lot Features
  1. Paved
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. 19998-010-000
Pet Deposit
  1. 0.00
Property Type
  1. Residential
Road Frontage Type
  1. CityStreet
Roof
  1. Composition
  2. Shingle
School Elementary
  1. Cherry Street
Security Deposit
  1. 0.00
Style
  1. Triplex
The Range
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. ElectricityAvailable
  2. SewerAvailable
Views
  1. 13
Year Built
  1. 1964
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Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988