108 Casa Place, PANAMA CITY BEACH, FL

$3,998,000

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Description

Rare multi-family opportunity situated in the heart of Laguna Beach steps from the sugar white sands of the emerald coast. 100% leased, the Sandman Community showcases 21 units: 16 - 2 Bedroom Apartments | 3 - 1 Bedroom Apartments | 1 - 2 Bedroom Residence | 1 - 1 Bedroom Studio. Additional structures included are a community pool, pavilion, laundry facility and overflow parking. Many of the units have recently been remodeled to bring a modern touch to this classic development. Offering over $428K in annually income, Sandman is a sound investment boasting instant cash flow with long term re-development prospects. Opportunities of this nature are rare along the Gulf of Mexico. Do not miss the chance to add this Panama City Beach multi-family complex to your investment portfolio.

Legal Description

LAGUNA BEACH LOTS 21 THRU 26 BLK 8 ORB 3573 P 303

Features of 108 Casa Place

MLS® # 922372
Price $3,998,000
Acres 0.00
Type Commercial Sales
Status Active

Community Information

Address 108 Casa Place
Area Bay County
Subdivision
City PANAMA CITY BEACH
County BAY
State FL
Zip Code 32413

Amenities

Is Waterfront No

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCorcoran Reverie SRB

Price History for MLS #922372

Date Details Change
Price Reduced from $4,200,000 to $3,998,000 $202,000 (4.81%)
Price Reduced from $4,245,000 to $4,200,000 $45,000 (1.06%)
Price Reduced from $4,495,000 to $4,245,000 $250,000 (5.56%)
Price Reduced from $4,990,000 to $4,495,000 $495,000 (9.92%)

For more information call

(850) 325-0004

Listing Map

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