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  • Price$1,550,000
  • SQ. Feet17,991
  • Acres1.44
  • Built1976

2805 Evelyn Avenue, Panama City

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.

Essential Information

  • MLS® #675319
  • Price$1,550,000
  • Square Footage17,991
  • Acres1.44
  • Year Built1976
  • TypeCommercial Sales
  • Sub-TypeMulti-Family
  • StyleApartment
  • StatusActive


  • UtilitiesAll Utilities

Additional Information

  • Date ListedAugust 16th, 2018
  • Days on Market649
  • HOA$0

Community Information

  • Address2805 Evelyn Avenue
  • Area02 - Bay County - Central
  • SubdivisionNo Named Subdivision
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32405

School Information

  • ElementaryHiland Park
  • MiddleMowat
  • HighBay

Listing Details

  • Listing OfficeCentury 21 Commander Realty
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DISCLAIMER: 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 Source: Bay County Association Of REALTORS® Multiple Listing Service