2324 E 16th Court
Panama City, FL 32405
- 3 beds
- 3 baths
- 1,464 sqft
- $157 per sqft
- 1960 build
- – on site
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TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW. Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years. Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer. Well-maintained triplex located in the heart of Panama City. The triplex is situation on a quarter acre lot. Roof is approximately 10 years old. Each unit has a window heating/air conditioning unit. Total heated/cooled square footage is 1,320 square feet. Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen. Tenant is responsible for all maintenance and lawn upkeep.
Last checked:
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Last updated Oct 30, 2024
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MLS# 946006 —
The Building
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Year Built:1960
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Architectural Style:Triplex
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Direction Faces:None
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Foundation Details:None
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Basement:None
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Patio And Porch Features:None
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Accessibility Features:None
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Security Features:None
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Levels:None
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Stories:1
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Building Area Total:1464.0
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Building Area Source:County PA Records
Interior
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Rooms Total:6
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Flooring:None
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Location
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Directions:Travel East 15th Street eastbound until you reach Sherman Avenue. Turn left on Sherman Avenue and travel north. Pass East 16th Street. Turn right onto East 16th Court. 2324 East 16th Court.
The Property
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Parcel Number:14763-000-000
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Property Type:Residential
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Property Subtype:Attached Single Unit
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Property Condition:Construction Complete
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Property Attached:None
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Lot Size Units:Acres
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Zoning:Resid Multi-Family
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Possible Use:None
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Topography:None
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Waterfront:No
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Water Body Name:None
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Legal Description:34 3S 14W -139- 104D4 ST AND BAY DEV CO PLAT BEG 264' W OF SE COR LOT 109 TH N132' W 82' S 132' E 82' TO BEG LESS R/W KWN AS LOT 24 OF J.W. RILEY UNREC PLAT ORB 4695 P 1161
Beds
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Bedrooms Total:3
Baths
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Total Baths:3.0
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Total Baths:3
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Full Baths:3
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Partial Baths:None
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Bathrooms Three Quarter:None
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Quarter Baths:None
The Listing
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Home Warranty:No
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electric, Public Sewer, Public Water
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Electric:None
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Sewer:None
Schools
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Elementary School:Cedar Grove
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Middle Or Junior School:Mowat
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High School:Bay
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:NO RECORDED SUBDIVISION
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Senior Community:No
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Pool Private:None
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Spa Features:None
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Pets Allowed:None
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Association:No
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Association Amenities:None
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Association Fee:None
Parking
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/5/24
Aug 5, 2024
|
Sold | ECARMLS | $230,000 | 0.4% |
|
6/27/24
Jun 27, 2024
|
Pending | ECARMLS | $229,000 | |
|
6/4/24
Jun 4, 2024
|
Listed / Active | ECARMLS | $229,000 | -8.0% |
