8425 Terrell St (11Units 2.5 acres) Street Home - $975000.00

Panama City Beach Home

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Area: Bay County Beach
Subdivision: Gulf Pines
Bedrooms: 3
Bathrooms: 2
Half Baths: 0

Overview: 8613, 8609, 8529, 8527, 8523, 8517 Terrell St. Less than 1 mile to beach. Easy commute to Panama City and Navy Base. Location, location, location! 16 rentals for $1,000,000 with approx. $175,000 yearly rental income. Low overhead. All units are on septic system and public water is inexpensive (approx. $20 per month per unit). Dumpster is $500 monthly for all units. Public sewer line ran to the property line. Low taxes and insurance. Very minimal vacancy rate. ADDITIONAL LOTS AVAILABLE!!! THERE ARE 7 MORE LOTS WITH 10 RENTALS ADJOINING ON TERRELL ST (APPROX. 2.5 ACRES) FOR $1,100,000 AND ANOTHER 6 LOTS ON GULF PINES DR. ADJOINING (APPROX. 2+ ACRES) VACANT LAND WITH SEWER, WATER AND ELECTRIC ON PROPERTY FOR $1,050,000. TOTAL OF OVER 6 ACRES. $2,900,000 FOR EVERYTHING.

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Listing Office: Cc Fox Realty