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Sold for $1,250,000 on 10/16/24
  • $1,250,000

    1000 Transmitter Rd, Panama City, FL 32401

    20beds
    8,310sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $1,223,200 Zestimate®
    $150/sqft
    $-- Estimated rent

    What's special

    Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

    Zillow last checked: 7 hours ago

    Listing updated: January 27, 2025 at 03:15pm

    Listed by:

    Sully Tariq 850-851-8624,

    EXP Realty LLC

    Bought with:

    Non Member

    NON-MEMBER OFFICE

    Source: CPAR,MLS#: 759896MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 10
    • Full bathrooms: 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Bedroom
    • Level: Second
    • Area: 100
    • Dimensions: 10 x 10
    Interior area
    • Total interior livable area: 8,310 sqft

    Property

    Accessibility
    • Accessibility features: Common Area
    Lot
    • Size: 0.36 Acres
    • Dimensions: 154 x 107
    Details
    • Parcel number: 15029085000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1986

    Utilities & green energy

    • Utilities for property: Trash Collection

    Community & neighborhood

    Community
    • Community features: Short Term Rental Allowed
    Location
    • Region: Panama City
    • Subdivision: No Named Subdivision

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability