1. Florida
  2. Panama City Beach
  3. 644 W Caladium Circle
$3,700,000

644 W Caladium Circle, Panama City Beach, FL 32413

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 months ago

Property Description

Welcome to 644 W Caladium! Whether you're a seasoned investor or a newby, you will not want to let this one pass you by! This unique opportunity has 22 studios, 2 One Bedroom/1 Bath and 2 Two Bedroom/1 Bath units that have been completely refreshed with new paint, composite flooring throughout, new fixtures, bathrooms and appliances. All 26 units are currently fully rented which will be cash flowing DAY ONE with an average rent of $1,000/month and they also have a great potential upside with increasing area rents, very high rental demands and a highly sought after location. Situated perfectly across from the beach, the complex boasts Gulf Views and is strategically located by restaurants, shopping and everything that Panama City Beach has to offer! Even though it's currently being managed as an apartment complex, it could be converted to a hotel-style short term rental machine or potentially parceled into condos and sold off separately, making the possibilities endless. Call your favorite agent and obtain this opportunity today!

Listing Status:
Active
Date Added:
February 13, 2025 at 06:00AM
Listing Office:
Luxe Coastal Realty : 848-220-5555
Listing Agent:
Marcy L O'Donnell : 848-220-5555
MLS ID:
956090
  • Originating MLS: Emerald Coast Association of REALTORS®
  • County: Bay

This listing courtesy of Marcy L O'Donnell, Luxe Coastal Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hutchison Beach Elementary School

12900 Hutchison Blvd, Panama City Beach, FL, 32407

Grades KG-5

1.35 miles away

S

Surfside Middle School

300 Nautilus St, Panama City Beach, FL, 32413

Grades 6-8

0.40 miles away

J

J.R. Arnold High School

550 N Alf Coleman Rd, Panama City Beach, FL, 32407

Grades 9-12

2.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.