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Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization.
This listing is maintained by Think Real Estate.
Property Details
MLS# | 749902 |
Status | Active |
Property Type | Multi |
Bedrooms | 20 |
Bathrooms | 10 full, 0 half |
H/C Sqft | 8,360 |
Lot Dimensions | 154x107 |
Year Built | 1986 |
Taxes | $549.00 in 2022 |
HOA | No HOA Fees |
Features
Appliances | Electric Oven, Electric Range, Electric Water Heater, |
Community Amenities | Short Term Rental Allowed, |
Energy | Multi Units, |
Construction | Stucco, |
Utilities | Electricity Available, Sewer Available, Water Available, |
Location
Elementary School | Parker |
Middle School | Rutherford Middle |
High School | Rutherford |
Zip Code | 32401 |
Area | Bay County - Central |
Sub-area | Bay - Central SE |
Subdivision | [No Recorded Subdiv] |