HUGE POTENTIAL in Panama City, FL!!!!

• ARV: -+$245K
• Will be more if doing a new build.
• Subject property is within half mile of HOT St Andrews Bay area.
• Walking distance to local shops, restaurants, and bars.
• Potential to be a GREAT Airbnb when redone.
• We have a local builder who would be happy to take on this project!!! He suggested the possibility of doing a DUPLEX.

NOT FOR PUBLIC DISTRIBUTION. PRIVATE COMMUNICATION ONLY 

If you are a real estate agent and have a potential buyer lined up for the property, please add your commission to the suggested price. Thank you!

Address: 1106 CALHOUN AVE, PANAMA CITY, FL 32401

Asking Price: $49,995

Detail of property in purchase agreement according to homeowner and public information: (please do your own due diligence)

• Subject Property shows 3/1 on Zillow because the seller did a permitted addition in 2008. So ARV values are expected to be much higher. Below comps are for both 3/2 and 2/1.
• Living sq. ft.: 1,187 sq ft
• Lot size: 9,888 sq ft
• Built 1946
• Taxes $525

Comps:

3/2 COMPS

1307 Calhoun Ave - 3/2

https://www.zillow.com/homedetails/1307-Calhoun-Ave-Panama-City-FL-32401/42784384_zpid/

1106 Arthur Ave - 3/2

https://www.zillow.com/homedetails/1106-Arthur-Ave-Panama-City-FL-32401/42784539_zpid/

1312 Beck Ave - 3/1

https://www.zillow.com/homedetails/1312-Beck-Ave-Panama-City-FL-32401/42784634_zpid/

2/1 COMPS

1009 Arthur Ave - 2/1

https://www.zillow.com/homedetails/1009-Arthur-Ave-Panama-City-FL-32401/42784715_zpid/

1107 Fairland Ave - 2/1

https://www.zillow.com/homedetails/1107-Fairland-Ave-Panama-City-FL-32401/42773277_zpid/

1400 Clay Ave - 2/1

https://www.zillow.com/homedetails/1400-Clay-Ave-Panama-City-FL-32401/42784315_zpid/

• Airdna rentalizer shows about 50k revenue and about 14k in operating expenses

Inspection info:

• Please call or text Dylan at 407-308-2354

Repairs:

• Full gut rehab, or tear down and new build. We have a contact for a local developer/builder who would be happy to take on the project. He has walked the property.
• See pictures.

Offers:

• Property is expected to go highest and best.
• email Dylan@MyFloridaHouseBuyer.com
• Phone Number is 407-308-2354

Important note:

• Cash or hard money required for closing.
• Non refundable deposit required: $3,000 for property under $100k and minimum $5,000 for property over $100k.
• Buyers are responsible for their own due diligence.
• Buyer understands they are buying "As-Is".
• Buyers pay all closing costs.
• All financial projections and estimates are based on our own analysis and opinion.
• Please do not show up to the property unannounced.