About 644 W Caladium Circle
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 near 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 secure this opportunity today!
Features of 644 W Caladium Circle
| MLS® # | RX-11008696 |
|---|---|
| Price | $3,700,000 |
| Square Footage | 9,660 |
| Acres | 0.26 |
| Year Built | 1982 |
| Type | Commercial |
| Sub-Type | Hotel/ Motel, Income |
| Style | Free Standing, Income, Resident. Multi-Fam. |
| Status | Active |
Community Information
| Address | 644 W Caladium Circle |
|---|---|
| Area | 5940 |
| Subdivision | OPEN SANDS |
| City | Panama City Beach |
| County | Bay |
| State | FL |
| Zip Code | 32413 |
Amenities
| Utilities | 3-Phase Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Electric |
| Cooling | Ceiling Fan, Electric |
| # of Stories | 2 |
Exterior
| Lot Description | Multi Fam |
|---|---|
| Roof | Comp Shingle |
Additional Information
| Zoning | PCB17 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Luxe Coastal Realty Group LLC |
|---|