- Price$1,450,000
- Acres0.36
- Built1987
1000 Transmitter Road, Panama City
Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization.
Essential Information
- MLS® #749644
- Price$1,450,000
- Bathrooms0.00
- Acres0.36
- Year Built1987
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Amenities
- UtilitiesCable Available, Electricity Available, Sewer Available, Water Available
Exterior
- ExteriorStucco
- RoofShingle
- ConstructionStucco
Additional Information
- Date ListedNovember 27th, 2023
Community Information
- Address1000 Transmitter Road
- Area02 - Bay County - Central
- Subdivision[No Recorded Subdiv]
- CityPanama City
- CountyBay
- StateFL
- Zip Code32404
Interior
- AppliancesElectric Water Heater
- HeatingCentral, Electric
- CoolingCentral Air, Electric, Multi Units
- # of Stories2
- Stories1
School Information
- ElementaryParker
- MiddleEveritt
- HighRutherford
Listing Details
- Listing OfficeThink Real Estate
Price Change History for 1000 Transmitter Road, Panama City, FL (MLS® #749644)
Date | Details | Price | Change |
---|---|---|---|
Active | – | – | |
Pending | – | – | |
Active | – | – | |
Pending (from Active) | – | – | |
Price Reduced (from $1,600,000) | $1,450,000 | $150,000 (9.38%) |
DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service