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2605 Redwood St
Panama City Beach, FL 32408
Multifamily Property For Sale
·
4 Units
Executive Summary
Turnkey, fully leased four-unit income property at 2605 Redwood Street delivering immediate, stable cash flow. The property consists of two separate buildings with a desirable unit mix of spacious 3-bedroom and 2-bedroom units, each featuring 1.5 bathrooms. All apartments have been renovated with new flooring, updated kitchens, and energy-efficient appliances, supporting strong tenant retention and consistent occupancy.
Recent capital improvements reduce near-term maintenance and enhance long-term value, including a 2019 roof, HVAC systems under four years old, partial siding replacement, and a newly installed septic system. With solid in-place income and minimal deferred maintenance, this is an ideal low-risk acquisition for investors seeking dependable returns or portfolio expansion.
No signage on property. Please do not disturb tenants.
Recent capital improvements reduce near-term maintenance and enhance long-term value, including a 2019 roof, HVAC systems under four years old, partial siding replacement, and a newly installed septic system. With solid in-place income and minimal deferred maintenance, this is an ideal low-risk acquisition for investors seeking dependable returns or portfolio expansion.
No signage on property. Please do not disturb tenants.
Property Facts
| Price Per Unit | $301,890 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.35% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 11.72 | Building Size | 4,432 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Price Per Unit | $301,890 CAD |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Gross Rent Multiplier | 11.72 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,432 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1978 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- High Speed Internet Access
Property Taxes
| Parcel Number | 31054-000-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $477,714 CAD |
Property Taxes
Parcel Number
31054-000-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$477,714 CAD
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