114 S Highway 22 A Unit 114 (1-8) & 118 (1-6), Panama City, FL 32404
- $1,600,000
- List Price
- $1,600,000
- Status
- ACTIVE
- Price Change
- ▼ $150,000 1784942151
- MLS#
- 790876
- Subtype
- Commercial Sale
- Year Built
- 1984
- Lot Size
- 28,314
- Acres
- 0.65
- Subdivision
- Lakewood
- Neighborhood
- Bay - Central SE
- MLS Area Major
- Bay County - Central
Property Description
SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.
Additional Information
- Zoning
- Resid Multi-Family
- Heating
- Central, Electric
- Exterior Construction
- Brick Veneer, Stucco, Wood Frame
- Stories
- 2
- Levels
- Two
- Roof
- Composition, Shingle
- Foundation
- Slab
- Elementary School
- Parker
- Middle School
- Everitt
- High School
- Rutherford
Listing courtesy of Counts Real Estate Group.