8609 Terrell Street Townhouse - $849000.00

Panama City Beach Townhouse

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Area: Bay County Beach
Subdivision: Gulf Pines
Bedrooms: 0
Bathrooms: 3
Half Baths: 0

Overview: Less than 1 mile to beach. It has 5 lots and 14 mobile homes included. Lots are 75'x190' each with 3 homes on each lot. Serviced by 5 water meters and 1 dumpster. Very low overhead and easy to manage. LLC has owned it for 12 years and have income of approx $13,000 monthly from these 14 units. There are an additivonal 6 lots on that same side of the street that Could consider adding for extra $100,000-$150,000 per lot with rentals. Another 5 lots adjoining on the next street and attached to current lots. Over 5 acres total package available if wanted. Negotiable. Zoned R-2 for 15 units per acre. Great for future development. Not many parcels this large available and has current income of approx. $200,000 per year while planning future development.

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Listing Office: Cc Fox Realty