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Enrique Urdaneta

enrique.urdaneta@engelvoelkers.com +1(561) 245-0634

$ 3,404,000

Est. payment -/mo

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Pending

644 Caladium CIR Panama City, FL 32401

0.26 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID R11145663

HOA Y/N No

Year Built 1982

Annual Tax Amount $14,003

Tax Year 2024

Contingent Pending Inspections

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Multi Family

Property Description

644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ''each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.

Location

State FL

County Bay

Area 5940 Florida Other

Direction From Hwy 79 take Front Beach Road East to Gulf. Take a left and building will be first one on the left.

Interior

Heating Electric

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Hardwood, Other, Wood

Exterior

Utilities Available Cable Available

Roof Type Other

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco

Others

Senior Community No

Tax ID 33832001000

Security Features Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/644-Caladium-Circle-Panama-City-FL-32401/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Luxe Coastal Realty Group LLC

Enrique Urdaneta

Advisor | License ID: 3308209

+1(561) 245-0634

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