209 Sherman Avenue
Panama City, FL 32401
Beds: 4 
Baths: 4 full 
SQFT (H&C): 1,920
MLS# 1012259INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.
Property Features
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Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC
Shown By
Agency Title: Beachy Beach Real Estate
Agency Phone: 850-233-4351
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209 Sherman Avenue | MLS# 1012259
This multi-family property located at 209 Sherman Avenue, Panama City, FL 32401 is currently listed for sale with an asking price of $250,000. Search Panama City real estate on www.beachybeach.com today.