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Archived 9 months ago

$530,000

5+ bd 4+ ba 3248 sqft

3902 Wave Ave, Panama City, FL 32404

Residential SFR Occupied

Current Rent **

$2,600

Projected Rent **

$5,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Quadplex 8 bedrooms/4 Bathroom

Newly renovated, four-unit Quadplex available for sale by the owner in Panama City. The property features 8 bedrooms, 4 baths, and a total of 3,248 Sqft with a spacious backyard totaling 8,276 Sqft. Each unit consists of 2 bedrooms, 1 bath, and includes washer/dryer hookups. The property boasts new flooring and paint, a brand new HVAC unit, and a storage room for additional space. Other highlights include a new roof, balconies for second-story units, and proximity to Tyndall Air Force Base & amenities.

Currently, two units are occupied, renting at $1300 per month each, while two units are vacant. Please avoid disturbing the existing tenants. If interested, please let me know! Thank you.

School Information
* Elementary School: Cedar Grove
* High School: Rutherford
* Middle Or Junior School: Rutherford Middle

Utilities
* Sewer: Public Sewer
* Utilities: Electricity
* Water Source: Public

Location:

3902 Wave Ave, Panama City, FL 32404

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.