Panama City, FL apartment complex for sale (12 town houses)

[Cain McNeil]

Off market multifamily deal with plenty of meat left on the bone! 12 town houses for sale in Panama City FL. Current NOI is approximately $85,000 and 9 of the 12 units are below market rent- thus leaving your room to improve income. Ask price is $999,000. All new heating and cooling units, new metal roofs and interior/exterior cosmetic updating completed. Located in a great neighborhood across the street from a day care and single family homes nearby priced in the mid $200,000's. Truly a turn-key opportunity. Sit back and enjoy your CASH FLOW!