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1400 Gulf Ave
Panama City, FL 32401

$900,000 USD

Apartments For Sale  •  4,600 SF

Property Details

• Property Type Apartments
• Total Building Size 4,600 SF
• Lot Size 0.39 AC
• Building Class C
• Year Built 1977
• Cap Rate 6.50 %
• Zoning GC 1

0 Transit Score

53 Walk Score

Highlights

Around 25% rental upside

Strong occupancy and collections

The property is located off 15th Street in Panama City

Downtown Panama City is less than two miles from the site, offering major shopping centers, dining, and other tourist attractions.

Top three largest vacation destinations in the country.

Locational benefits along with offering floorplans make this a highly attractive rental option for those working at one of the many close by major eco

Cap Rate:

6.50 %

Amenities

• 24 Hour Access
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Walk-Up

Public Transportation

Airport	Drive	Walk	Distance
Northwest Florida Beaches International	37 min	-	23.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes