About 644 W Caladium Circle
Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located near restaurants, shopping and everything that Panama City Beach has to offer!Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless! Call your favorite agent and secure this opportunity today!
Condo/co-op/villa/townhouse property for sale in Panama City Beach, FL at 644 W Caladium Circle. This Condo/co-op/villa/townhouse property is priced at $383/sqft
Features of 644 W Caladium Circle
| MLS® # | RX-11008696 |
|---|---|
| Price | $3,700,000 |
| Square Footage | 9,660 |
| Acres | 0.26 |
| Year Built | 1982 |
| Type | Condo/co-op/villa/townhouse |
| Sub-Type | Hotel/ Motel, Income |
| Style | Free Standing, Income, Resident. Multi-Fam. |
| Status | Active |
Community Information: Panama City Beach
| Address | 644 W Caladium Circle |
|---|---|
| Area | 5940 |
| Subdivision | OPEN SANDS |
| City | Panama City Beach |
| County | Bay |
| State | FL |
| Zip Code | 32413 |
Amenities of 644 W Caladium Circle
| Utilities | 3-Phase Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
Interior of 644 W Caladium Circle
| Appliances | Building and Land |
|---|---|
| Heating | Electric |
| Cooling | Ceiling Fan, Electric |
| # of Stories | 2 |
Exterior of 644 W Caladium Circle
| Lot Description | Multi Fam |
|---|---|
| Roof | Comp Shingle |
Additional Information On 644 W Caladium Circle
| Listing Courtesy of | Luxe Coastal Realty Group LLC |
|---|---|
| Date Listed | July 31st, 2024 |
| Zoning | PCB17 |
| RE / Bank Owned | No |
Listing Details
| Office | Luxe Coastal Realty Group LLC |
|---|