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
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
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#: 759896
Originating 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