Listing Details
- $160,000
- MLS# 1013682
- Type Residential - Single Family
- Status Active
Listed By
Agency Name: EXP Realty LLC
Shown By
Agent Name: The BE MORE Group
Agent Phone:
Agency Title: Levin Rinke Realty
Home Value Estimate
Description
Turnkey income-producing opportunity in Panama City's historic Millville neighborhood! Offered at $160,000 with a long-term tenant in place at $1,650 per month, 605 Elm Avenue generates $19,800 in scheduled annual gross rent, representing an impressive approximately 12.4% gross rent yield at the asking price before expenses. For investors looking for immediate income without taking on another major renovation project, this property offers a compelling combination of existing cash flow, substantial improvements already completed, durable construction and long-term location potential. This 2-bedroom, 1-bath concrete-block home has been extensively...read more
Features
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Stove/Oven Gas
- Washer
- Water Heater - Gas
- Ceiling Fans, Central Air
- Geothermal
- 1.0 Story
- $1,141 Taxes
- Built in 1950
Gallery
Listed By
Agency Name: EXP Realty LLC
Shown By
Agent Name: The BE MORE Group
Agent Phone:
Agency Title: Levin Rinke Realty
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