$69,000
Active
3 Days Online
3 Beds1 Bath1,031 SQFT
Active

341 N East Avenue Panama City, FL 32401

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ZONED MIXED USE (MU) FOR COMMERCIAL OR RESIDENTIAL!! This house is completely gutted as the photos may show, but what's more important is the $15, 000 engineer plan the seller paid for with MK Weber Engineering LLC. The new plan shows a 3bed/2bath floor plan with additional square footage which changes the ARV of the house. This coupled with the house being on a large corner lot makes it a great investment!!!! This is a great opportunity for any seasoned investor to take on. The seller got an estimate of 75k to repair which is about $75 a square foot. The house and be resold anywhere $210-$225 a square which is an affordable price point for a lot of future buyers in this demographic.I CAN PROVIDE THE ENGINEER PLAN WITH NEW SQUARE FOOTAGE. BUYER CAN GET IT RE-CERTIFY WITH MK WEBER ENGINEERING. PROPERTY CAN BE ZONED FOR MIXED USE AS WELL!! THE HOUSE BEHIND IT IS FOR SALE SO BUY BOTH AND BUILD TWO FOURPLEX!!

  • Property TypeSingle Family Home
  • NeighborhoodPine Crest Add To Callaway
  • CountyBay
  • Taxes$1,061
  • HOA/Condo/Coop Fees$0
  • Days on Site2 Days
  • MLS StatusActive
  • MLS ID Number752768
  • Home Size Source N/A
  • Year Built1940
  • Lot Size0.17 Acres
  • Full Baths1
  • Partial BathsN/A

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Schools

School District
Bay
Elementary School
Cherry Street Elementary School
Middle School
Jinks Middle School
High School
Bay High School

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Monthly Payment (Est.)

$362
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