240 Harmon Avenue, Panama City, FL, 32401

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$6,700,000
5 Days On Site

240 Harmon Avenue
Panama City, FL 32401

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt

Built
County:
Bay
Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

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Discover an exceptional investment opportunity with this renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22-slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one-bedroom units, each 650 sq. ft., and 22 two-bedroom units, each 920 sq. ft., designed for comfortable, modern living. Recent renovations in 2020 have transformed 22 of these units down to the ''studs,'' bringing them up to contemporary standards with high-quality finishes. New roofs and mechanicals provide peace of mind, while stainless appliances and composite floors enhance the style and functionality of each living space. Every unit features new interior sheet rock, insulation, siding, windows, and doors, all compliant with the 2019 Miami / Dade FL Building Code. Currently 100% occupied, the property is a beacon of stability and profit potential. With $4.4 million in fixed-rate 3.75% assumable, non-recourse financing available, this is a rare chance to get a prime asset in a sought-after location with immediate cash flow. Don't miss the opportunity to own this unique, garden-style apartment community that combines luxury living with waterfront charm.

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Listing Snapshot
Price 
$6,700,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.06 Acres
Year Built 
N/A
MLS® Number 
972565
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
4 days agoStatus changed to Active
6 days agoListing first seen on site
General Features
Acres 
1.06
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Community Features
MLS Area 
27 - Bay County
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 2025, Emerald Coast Association of Realtors MLS.
Last checked: 2025-04-03 01:43 AM UTC

Neighborhood & Commute
Source: Walkscore
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