618 Evergreen Street

    Panama City Beach, FL 32407
    • $1,400,000
    • STATUS: Active
    • ON SITE: 87 days
    • MLS #: 694963
    UPDATED: 58 min ago
    $1,400,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This is an excellent investment opportunity. This 17 unit Hotel with Managers quarters and Office space. Is currently rented to max capacity. The 17 units are currently on extended stay weekly rentals. Rented at $300 per week. The current projection of income for 2020 is $265,000. With overhead expenses at $32,000 annually. This is better than a 13 cap. The pool has been resurfaced and is currently getting a deep clean. There is also potential to build another 12 unit building on the vacant portion of the lot. Just steps away from the beach. This is a turnkey operation. BEING SOLD AS IS. Contact us today for more information.

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    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or ResortQuest Real Estate. Data last updated: 2020-06-01T17:05:17.21.
    www.rqemeraldcoastrealestate.com/homes/103857485

    618 Evergreen Street Panama City Beach, FL 32407

    • Price: $1,400,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 694963
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    1963
    Built
    Neighborhood:
    Bahama Beach
    County:
    Bay
    Area:
    Bay County-Beach
    Elementary School:
    Hutchison Beach
    Middle School:
    Surfside
    High School:
    Hotel/Motel
    Property Description
    This is an excellent investment opportunity. This 17 unit Hotel with Managers quarters and Office space. Is currently rented to max capacity. The 17 units are currently on extended stay weekly rentals. Rented at $300 per week. The current projection of income for 2020 is $265,000. With overhead expenses at $32,000 annually. This is better than a 13 cap. The pool has been resurfaced and is currently getting a deep clean. There is also potential to build another 12 unit building on the vacant portion of the lot. Just steps away from the beach. This is a turnkey operation. BEING SOLD AS IS. Contact us today for more information.
    Exterior Features

    Construction Siding BlockRoof - Metal Construction Status Construction Complete

    Interior Features

    Sq Ft Total Building 7752.00

    Property Features

    Commercial Features Furnished - AllLiving QuartersOffice Area Commercial Sale Sub Type Arnold Community Resort None Energy Ac - Window/WallWater Heater - Electric Financing CashConventional Hoa Fee No List Class Motel/Hotel Occupancy Status Occupied Offering Type Sale Only Pricing Type Sale Price Project Facilities DumpsterPool Sale Type As Is Utilities All Utilities

    Listing provided courtesy of Keller Williams Success Realty. Listing information © 2020 Central Panhandle Association of Realtors MLS.


    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or ResortQuest Real Estate. Data last updated: 2020-06-01T17:05:17.21.
     
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    35000 Emerald Coast Parkway
    Destin FL, 32541