Turnkey multifamily property- Panama City, FL (12 townhouses)

[Cain McNeil]

12 cash flowing townhouses for sale. All units have been updated/improved over the past 12 months. 12 new HVAC units, all new metal roofs, new appliances, many interior cosmetic improvements and termite bond in place. There is room to improve NOI by raising rents to market rate on many of the units. Each townhouse is +/-1,000sqft with 2 bedrooms, 1.5 bathrooms, laundry room, kitchen, open dining area, living room and private backyard. 100% occupied with a wait list. Many new jobs coming to the Bay County market via Eastern Ship Building, Tyndall Air Force Base, Marina Bay development etc means rental rates will continue to rise. No sign. Do not disturb or approach tenants. Owner is a licensed FL real estate professional.