MLS # 752768 | $87,900
Panama City Real Estate
Overview
- Bedrooms: 3
- Full Baths: 1
- Half Baths: 0
- Square Footage: 1031
- Built: 1940
- Acreage: 0.17
Location
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341 N East Avenue
Panama City, FL 32401
See On Map - County: Bay
- Area: 02 - Bay County - Central
- Sub Area: 0202 - Bay - Central SE
- Subdivision: Pine Crest Add To Callaway
HIGHLIGHTS
Property Type, Detached Single Family
Style, Traditional
High School, Bay
Middle School, Jinks
DESCRIPTION
ZONED MIXED USE (MU) FOR COMMERCIAL OR RESIDENTIAL!! This house is completely gutted as the photos may show, but what's more important is the $15,000 engineer plan the seller paid for with MK Weber Engineering LLC. The new plan shows a 3bed/2bath floor plan with additional square footage which changes the ARV of the house. This coupled with the house being on a large corner lot makes it a great investment!!!! This is a great opportunity for any seasoned investor to take on. The seller got an estimate of 75k to repair which is about $75 a square foot. The house and be resold anywhere $210-$225 a square which is an affordable price point for a lot of future buyers in this demographic.I CAN PROVIDE THE ENGINEER PLAN WITH NEW SQUARE FOOTAGE. BUYER CAN GET IT RE-CERTIFY WITH MK WEBER ENGINEERING. PROPERTY CAN BE ZONED FOR MIXED USE AS WELL!! THE HOUSE BEHIND IT IS FOR SALE SO BUY BOTH AND BUILD TWO FOURPLEX!!MAP & DIRECTIONS
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Listed by Salty Marlin Realty LLC | Updated 03/30/2024 18:14:24
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.