Pending

4525 Carla Lane

Panama City FL, 32405

$425,000


$91.28 per sqft

Pending

12 Beds

7 Baths

4,656 sqft

Manufactured

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. 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.

964964

MLS ID

December 19, 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

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

5 Acres


Architectual Style

Mobile Home

School Information

High School

Mosley


Elementary School

Deer Point

Other Property Details

Area Name

27 - Bay County


Taxes

$4,344


Tax Frequency

Annually


Days on Market

1


Garage

Yes


Garage Spaces

4


Parking

Garage, Garage Detached


View

Yes


View Description

Pond


County

Bay


Pool

No


Waterfront

Yes


Zoning

Resid Multi-Family

Listing History

Date

Event

Price

12/19/2024

Pending

Courtesy of Corcoran Reverie SRB, Carly K Sostheim,
Listing Contact: 850-814-4560 

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Data last updated 1:10 AM UTC, 12/20/2024

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