Pending
4525 Carla Lane
Panama City FL, 32405
$425,000
$91.28 per sqft
Pending
12 Beds
7 Baths
4,656 sqft
Multi-family
Built in 1985
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.
766315
MLSⓇ ID
December 18, 2024
Listed
December 20, 2024
Updated
Map
4525 Carla Lane
Panama City FL, 32405
Interior Features
Total Stories
1
Bedrooms
12
Total Bathrooms
7
Full Bathrooms
7
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
5 Acres
Lot Features
Pond on Lot, Waterfront
Sewer
Septic Tank
School Information
High School
Mosley
Elementary School
Deer Point
Other Property Details
Area Name
02 - Bay County - Central
Taxes
$4,171
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Additional Parking
View
No
County
Bay
Water Source
Well
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/19/2024 | Pending | — |
Courtesy of Corcoran Reverie, Sostheim Group,
Listing Contact: (850) 814-4560
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Real Experts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
© 2024 Central Panhandle Association of REALTORS. All rights reserved.