25 Unit portfolio (3 sites) Panama City, FL ($1,600,000)

[Cain McNeil]

Rare opportunity to purchase a fully occupied multifamily portfolio boasting excellent locations and up keep. This 25 unit portfolio consists of 3 site locations- 1540 Mulberry Avenue (8 units), 2805 Evelyn Avenue (8 units), and 3025 Altha Avenue (9 units). Each property site has an excellent rental history offering the buyer a unique opportunity to diversify and or expand their portfolio with a chance to increase IRR/yield with little to no immediate capital expenditure needed. All units are separately metered for electric, water and sewer. Most of the units boast granite counter tops, stainless appliances, and tile floors for easy maintenance. Stabilized cash flow in highly desirable and growing areas make this a true turn-key opportunity.