$275,000
Preferred partner
Kinsfolk Signature Realty
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Highlights
About This Home
INVESTMENT OPPORTUNITY -- FOUR FULLY OCCUPIED RENTAL UNITS! 209 Sherman Ave features four currently occupied apartment units, generating $750 per unit per month, or $3,000 in gross monthly rental income / $36,000 annually. Each unit is individually metered. Owner-reported utilities average approximately $250/month. Property taxes are approximately $2,500 annually. The property consists of two buildings on approximately 0.23 acres with off-street parking. Built in 1947, the property offers an established rental setup with four income-producing units in a convenient Panama City location. Strong opportunity for an investor seeking existing rental income and an occupied multifamily property. Buyer to verify all unit count, square footage, room dimensions, rental income, expenses, utility arrangements, taxes, insurance, zoning, permits, property condition and all other information deemed important by buyer.
Listing Agent
Bubba McCants
EXP Realty LLC
Brokerage Phone: 888-883-8509
Source: Emerald Coast MLS · MLS #1012259
Map
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Facts & features
Bedrooms & bathrooms
- •Bedrooms:4
- •Bathrooms:4
- •Full bathrooms:0
Heating
- •Has Heating:Yes
Interior area
- •Total structure area:0 sqft
- •Total interior livable area:0 sqft
Parking
- •Parking features:N/A
- •Garage spaces:0
- •Has attached garage:No
Lot
- •Size:N/A
Details
- •Parcel number:N/A
Type & style
- •Home type:Duplex - All Units
- •Property subtype:Residential
Materials
- • N/A
Condition
- •Year built:1947
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Price history
| Date | Event | Price |
|---|---|---|
| 2026-09-18T00:00:00.000Z | Listed for sale | $275,000$0/sqft |
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