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Michael Herring

mherringrealestate@gmail.com +1(850) 321-0917

$ 250,000

Est. payment -/mo

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Price Dropped by $25K

209 Sherman AVE Panama City, FL 32401

4 Beds

4 Baths

1,920 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $130

Subdivision [No Recorded Subdiv]

MLS Listing ID 795519

Style Duplex

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1947

Annual Tax Amount $2,835

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Property Description

INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 02 - Bay County - Central

Interior

Cooling Window Unit(s)

Fireplace No

Appliance Electric Water Heater

Exterior

Community Features Short Term Rental Allowed

Roof Type Metal

Private Pool No

Building

Dwelling Type Duplex

Foundation Slab

Sewer Public Sewer

Architectural Style Duplex

New Construction No

Schools

Elementary Schools Cherry Street

Middle Schools Jinks

High Schools Bay

Others

Restrictions Short Term Rentals Allowed

Tax ID 22427-000-000

Listed by eXp Realty, LLC

Michael Herring

Broker Associate License ID: BK3256219

+1(850) 321-0917

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Michael Herring

209 Sherman AVE Panama City, FL 32401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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209 Sherman AVE