1347 Mercedes Ave #A-B, Panama City, FL 32401

Description

INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX!
Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance.
Convenient Panama City Location
Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance.
PROPERTY FEATURES • Brand-new construction
• Two separate 1-bedroom / 1-bath units
• Estimated rent of approximately $1,300 per month per unit
• Approximately $2,600/month in combined projected rental income
• Durable Hardie® siding
• Quartz countertops
• Luxury vinyl plank (LVP) flooring
• Designed with low-maintenance rental ownership in mind
The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses.
EVEN MORE INCOME POTENTIAL
One of the biggest advantages of this property is the opportunity to expand the rental income.
The property has space for an additional accessory dwelling unit, and I already have a permitted plan available. For an additional fee, I can build the accessory unit for the buyer.
The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately:
$3,900 PER MONTH / $46,800 PER YEAR
That gives an investor the opportunity to purchase the duplex today and add another income-producing unit without having to start the planning process from scratch.
New construction. Low maintenance. Strong rental potential. Future expansion opportunity.
Call or message me for pricing, additional property details, rental projections, or information on adding the third unit.
Owner is the listing Agent
Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.

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1347 Mercedes Ave

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