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$450,000
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Property Description
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to the opportunity to purchase two duplexes (4 units) located in St. Andrews. These well-maintained and professionally managed duplexes are located in the sought-after St. Andrews area of Panama City, FL have provided consistent and stable cash flow! These two charming duplexes (4 units) present a fantastic investment opportunity with their convenient location, strong rental demand and desirable features.Each unit offers two bedrooms and one bathroom, with a spacious living room, open kitchen, central heat & air, washer and dryer hook up (each unit) that provides comfortable and functional living spaces. The brick facades exude functional appeal and durability, and the fenced backyards ensure privacy and an excellent outdoor space for tenants and pets.Situated on a corner lot, the duplexes offer dedicated off-street parking, adding to the convenience and easy access to residents' front doors. Recent updates include new roofs and privacy fences installed in 2019. The long-term tenants and consistent occupancy history showcase the strong demand for quality apartment homes in this area.Residents will appreciate the prime location, as these duplex buildings are close to several grocery stores, retail areas on W 15th St & 23rd Street, St. Andrews restaurants, hospitals, and area employers, offering easy access to everyday necessities and amenities.Currently, the rents are below market at $800/month, but similar St. Andrews apartment units are achieving $1,100 to $1,200 in the current market, making these duplexes an enticing investment opportunity with the potential for increased rental income.Don't miss this chance to own these income-generating duplex apartment homes in the desirable St. Andrews area of Panama City.
Full Property Details
Full Property Details for 1517 Clay (Two Duplexes) Ave #A & B
General
- Sold For: $450,000
- Status: Closed
- Type: Duplex
- Source: Bay_County
- MLS ID: 745600
- Added to Site: 985 day(s) ago
Interior
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Fence
Location
- County: Bay
- Subdivision: Gulf Coast Dev
- Driving Directions: Located at the Southwest corner of clay Avenue and W 16th St. One block west of Frankford Avenue. One block North of Hey 98/W 15th St.
School Information
- Elementary School: Lucille Moore
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Square Feet: 3,392
- Sq. Ft. Source: Appraiser
- Living Area: 3,392 Sq. Ft.
- Year Built: 1975
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583
- Lot Dimensions: 70 x 140
Disclosures and Reports
- Legal Description: 36 3S 15W SE1/4 LOT 1 & 2 LESS S 62' BLK 31 ORB 1176 P 88
- Property ID: 29547-000-000
Listed by Five Bridges Real Estate Services Co. LLC
Sold by Think Real Estate
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Schools
Schools serving 1517 Clay (Two Duplexes) Ave #A & B
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Lucille Moore Elementary School 1900 Michigan Avenue, Panama City, FL 32405 | PK-5 | 0.9 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.6 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1517 Clay (Two Duplexes) Ave #A & B
Date
Details
Price
Change
Source
10/10/2023
Sold
$450,000
-9.82%
MLS
7/24/2023
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1517 Clay (Two Duplexes) Avenue #A & B, Panama City, FL 32405 (MLS# 745600) is a Duplex property that was sold at $450,000 on October 10, 2023. Want to learn more about 1517 Clay (Two Duplexes) Avenue #A & B? Do you have questions about finding other Duplex real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

