4525 Carla LN Pending Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32405
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,656 sqft
Price per Sqft $91
Subdivision [No Recorded Subdiv]
MLS Listing ID 766315
Bedrooms 12
Full Baths 7
HOA Y/N No
Year Built 1985
Annual Tax Amount $4,170
Tax Year 2024
Lot Size 5.000 Acres
Acres 5.0
Property Description
This property is a MULTI-FAMILY INVESTOR and DEVELOPERS DREAM! This 5-acre parcel currently brings in $4,000/month in income and has incredible potential for future development. Positioned in Lynn Haven, recently named one of the TOP 10 places to live in Florida, you'll find 5 acres zoned Medium Density that currently holds MULTI-FAMILY investment properties where all structures are occupied by tenants. Bringing in $4,000/month in income, this is a PRIME opportunity to cash flow from day 1 and hold the property for future development. 4525 Carla Lane offers 5 acres, zoned Medium Density Residential and density is 4-10 units per acre. Zoned for single family homes, duplexes, multi-family or group home - the possibilities are endless with this future development opportunity. This property includes 5 structures and are all occupied by tenants at this time. There is also a 30'x60' garage with 4 bays and roll-up garage doors. This garage is currently being used for storage by Owner but leaves opportunity to bring in additional income, if rented.This property is located less than 1/2 mile from Trane Technologies and the Lynn Haven Sports Complex, within a few miles of Publix, Dollar General and dining and within 2 miles of North Bay Haven Charter Academy.All information provided must be verified by Buyer, if important. Property is occupied by tenants. Please do not disturb tenants.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Furnishings Unfurnished
Fireplace No
Exterior
Parking Features Additional Parking
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected,Septic Available,Water Available
Waterfront Description Waterfront
Water Access Desc Waterfront
Building
Lot Description Pond on Lot,Waterfront
Story 1
Sewer Septic Tank
Water Well
Additional Building Workshop
Schools
Elementary Schools Deer Point
Middle Schools Mowat
High Schools Mosley
Others
Tax ID 11522-000-000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listed As-Is