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1902 Louise AVE #A, B, C&D Panama City, FL 32405
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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,163 sqft
Price per Sqft $219
Subdivision Drummond & Ware Add
MLS Listing ID 769731
Sold Date 06/03/25
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1942
Annual Tax Amount $5,910
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Quadruplex
Property Description
This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner-occupier.FHA!!- gross income at the current rate is $48,500.00- Insurance is $4000- Taxes are $5,673.36- Vacancy and Maintenance at 5% is $2425- Net Operating income is $36,401.64- CAP Rate is 7.2%
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Furnishings Unfurnished
Fireplace No
Appliance Electric Range, Electric Water Heater, Refrigerator
Exterior
Pool None
Utilities Available Cable Connected
Roof Type Metal
Schools
Elementary Schools Lucille Moore
Middle Schools Jinks
High Schools Bay
Others
Tax ID 28069-000-000
Financing FHA
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Bought with Chesnut Realty, Inc