Welcome to 644 W Caladium! Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located by restaurants, shopping and everything that Panama City Beach has to offer! Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless. Call your favorite agent and obtain this opportunity today!

Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2024, Emerald Coast Association of Realtors MLS.
Data last updated at: 2024-07-22 06:25 PM UTC