Single Family for Sale: 119 College, Panama City, FL 32401

15 beds
9 full baths
5222
$779,000
$779,000
119 College, Panama City, FL 32401
15 beds
9 full baths
5222
$779,000
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Price:
$779,000

Type Single Family
Beds 15
Bathrooms 9
Square Footage 5,222 sqft
Lot Size 0.41 acres
Year Built 1925

City Panama City
County Bay
Subdivision [No Recorded Subdiv]
Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units (8 bedrooms and 5 bathrooms), has undergone a comprehensive remodel and was taken down to the studs and built back up with the finest attention to detail. It boasts a large front porch, three new HVAC units, and new kitchens equipped with brand-new appliances. On the lower level of the property, you will find a 3-bedroom, 2-bathroom split floor plan unit (Unit 2) with new luxury vinyl plank (LVP) flooring throughout and a large living room, perfect for comfortable living and entertaining. Unit 2 is rented currently for $1450 per month. Head upstairs and you will find another spacious 3-bedroom, 2-bathroom unit (Unit 1, $1325/month). This unit includes a separate entrance for the master bedroom and ensuite bath, an oversized laundry room, new LVP flooring, new kitchen and bathrooms, and two living areas. The primary house also has an attached apartment towards the back consisting of another rental unit with 2 bedrooms and 1 bathroom (Unit 3, $1000/month). Additionally, the building to the south of the primary house (Unit 7) is another rental unit consisting of 3 bedrooms, 2 bathrooms, and a utility/storage area ($1300/month). The two detached properties towards the west of this multi-family estate are both 2-bedroom and 1-bath rental units (Unit 5, $1100/month and Unit 6, $975/month). Unit 6 has also been extensively remodeled.This is your opportunity to expand your rental portfolio and add 6 income producing units for a total of 15 bedrooms and 9 bathrooms. This property has a great return on investment, and all rental units are professionally managed by ERA Property Management. Make sure you check out the unit floor plans in the 'Documents' tab and under photos and schedule your private viewing today!

Room Features

Bedroom 8.5 x 9.2 First
Bedroom 2 8.5 x 9.1 First
Bedroom 3 12.2 x 18.9 Second
Bedroom 4 8 x 10.8 Second
Bedroom 5 7.8 x 12.4 First
Bedroom 6 10.3 x 9.7 First
Bedroom 7 12.4 x 9.7 First
Bedroom 8 10.4 x 8.5 First
Bedroom 9 9.3 x 8 First
Primary Bedroom 15.11 x 15.6 First
Primary Bedroom 2 12.2 x 10.5 Second
Primary Bedroom 3 7.11 x 12.4 First
Primary Bedroom 4 9.7 x 11.7 First
Primary Bedroom 5 9.11 x 11.1 First
Primary Bedroom 6 8.3 x 8.5 First

Lot & Building Features

Appliances Dishwasher, Refrigerator, Microwave, Electric Water Heater, Electric Oven, Electric Cooktop, Disposal
Construction Materials Vinyl Siding
Cooling Central Air, Multi Units, Electric
Heating Electric
Tax Year 2023
Lot Dimensions 179x120x179x120

Community and Schools

Elementary School Cherry Street
Junior High School Jinks
Senior High School Bay

Map of 119 College, Panama City, FL

Location Map Street View
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119 College (MLS #758986) is a single family home located in Panama City, FL. This single family home is 5,222 sqft and on a lot of 17,860 sqft (or 0.41 acres) with 15 bedrooms, 9 baths and is 99 years old. This property was listed on 06/21/2024 and has been priced for sale at $779,000.

Nearby zip codes are 32404, 32405 and 32456. This property neighbors other cities such as Callaway, Cedar Grove, Mexico Beach, Parker and Springfield.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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