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.

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