428 McKenzie Avenue, Panama City, FL 32401

$399,000
Property Type: Commercial for Sale Status: Sold
Current Price: $39,000 List Date: 12/09/2024 Last Modified: 12/09/2024

Description

Here's an opportunity to own a multi family property downtown on Massalina Bayou. AS IS. The property includes an 11 unit apartment building with 9 1 Bedroom/1 Bath units, a studio and a 2 bedroom unit. There was storm damage from Hurricane Michael on the west facing wall in which the 2 west units are down to the studs. Property also includes a 2/1 Single family residence on property which is just under 1200 sq feet. Roof was replaced in 2019. Price reflects the need for renovation and rehabilitation on the buildings. Currently 3 of the units are rented. Zoned Downtown District.

More Information MLS# 964437

Contract Info

GCCMLS Number: 41574701 Listing Board: Emerald Coast List Date: 2024-10-15 List Price: $39,000

Location, Tax and Legal

Sub Area: 2703 - Bay - Central SW Legal Description: GCD PLAT LOTS 6,7,8 BLK 31 ORB 1163 P 1069 ORB 1222 P1188 ORB 1918 P 1760

General Property Info

Listed on GCCMLS: Yes Vacant: No

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Here's an opportunity to own a multi family property downtown on Massalina Bayou. AS IS. The property includes an 11 unit apartment building with 9 1 Bedroom/1 Bath units, a studio and a 2 bedroom unit. There was storm damage from Hurricane Michael on the west facing wall in which the 2 west units are down to the studs. Property also includes a 2/1 Single family residence on property which is just under 1200 sq feet. Roof was replaced in 2019. Price reflects the need for renovation and rehabilitation on the buildings. Currently 3 of the units are rented. Zoned Downtown District.

Class

Multi-Family: 1

Waterfront

Bayou: 1 Waterfront Feet: 100

Multi-Family

# of Units: 11

None

Current Price: $399,000

Status Change Info

Status: Sold Under Contract Date: 2024-10-19 Sold Date: 2024-11-29 Sold Price: $399,000

Location Tax and Legal

Area: 27 - Bay County Street #: 428 Street Name: McKenzie Street Suffix: Avenue State: FL Zip Code: 32401 County: Bay Parcel ID: 19864-000-000

Property Features

Class: Multi-Family Waterfront: Bayou
Listing Office: Counts Real Estate Group Inc
Last Updated: December - 09 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.