3504 LANE Road, 3504/3508/3512, Panama City, FL 32404
$525,000
Property Type:
Commercial for Sale
Square Footage:
6,120
Status:
Sold
Current Price:
$525,000
List Date:
2/17/2018
Last Modified:
12/03/2019
Description
Attention investors looking for a diversified investment. Three triplexes each triplex has two 2 bedroom/1 bath and one 1 Bedroom/1 Bath a total of nine units or 6 two bedroom/1 bath units and three 1 Bedroom/1 Bath units. Property has had two new roof with third building to be replaced. Some of the tenants have been in place for many years. Owner self manages and only pays for taxes and insurance. Please call/email for income and expense statements.
More Information MLS# 668215
Contract Info
List Date: 2018-02-12
List Price: $525,000
List Price/SqFt: 85.78
Current Price: $499,000
Sub-Type: Multi-Family
Location
Area: 02 - Bay County - Central
Street #: 3504
Street Name: LANE
Street Suffix: Road
Unit #: 3504/3508/3512
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0201 - Bay - Central NE
Business Name: Lane Apartments
Subdivision: Lane Mobile Home Est U-1
Community/Resort: None
Waterfront: No
Parcel ID: 11954-898-010
Section: 25
Township: 3S
Range: 14W
Elementary School: Cedar Grove
Middle School: Merritt Brown
High School: Bay
Directions: East on Highway 98, Left on Transmitter, Left on Lane Road, property on the right. Property located on the corner of Transmitter Road and Lane Road
Legal Description: LANE MOBILE HOME EST. UNIT 1 BEG NW COR LOT 3 W 74.56' S 72.09' E 73.92' N 71.24' TO POB PT LT 1&2 -1.12A- BLK F ORB 2316 P 2320
Tax Parcel Number 11954-898-010
Tax Parcel Number 11954-898-000
Tax Parcel Number 11954-898-020
General Property Info
List Class: Apartment
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 9
SqFt Tot Bldg: 6120
Year Built: 1978
Ceiling Height: 8
Listing Info, Tax and Legal
HOA Fee: No
Status Change Info
Status: Sold
Under Contract Date: 2018-02-12
Sold Date: 2018-04-16
Sold Price: $499,000
Sold Price/SqFt: 81.54
Property Features
Floors in Unit/Home: One
Financing: Cash
Listing Office: Coastal Real Estate Group, Inc
Last Updated: December - 03 - 2019
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.