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Willow Oak Court Apartments 2602 Willow Oak Ct

6 Unit Apartment Building $1,403,295 CAD ($233,883 CAD/Unit) 7.98% Cap Rate Panama City Beach, FL 32408

Investment Highlights

  • Attractive Land Contract Terms: 85% LTV, 7% Interest, 35-year amortization, 5 Year Balloon
  • 100% occupied w/ average rent $1,567
  • Newly Constructed in 2020
  • Offered for Sale as a Package or Separate

Executive Summary

Constructed in 2020, this 6-unit one story asset consists of all 1 bed 1 bath apartment units, with 3 different layouts. These 3 layouts include, (2) 400 SF units with a kitchenette, (2) 500 SF units with a kitchenette and living room, and (2) 600 SF units with a full kitchen and living room. The Willow Oak Court Apartments boasts several amenities such as individual entrances, common area laundry, and a central private garden just to name a few. This property is offered for sale individually or as a package with Beach Place Condominiums (2 Units Madeira Beach) and Insim Lane(3 Units Leesburg). Please contact HMA for more information before this opportunity is gone.

Property Facts

Price $1,403,295 CAD
Price Per Unit $233,883 CAD
Sale Type Investment
Cap Rate 7.98%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.25 AC
Building Size 3,000 SF
No. Stories 1
Year Built 2020

Unit Amenities

  • Kitchen
  • Oven
  • Range

Site Amenities

  • Laundry Facilities
  • Zen Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - 400
1+1 4 - 500 - 600

zoning

Zoning Code R-2 (Residential)
R-2 (Residential)
  • Listing ID: 31138754

  • Date on Market: 2024-03-06

  • Last Updated:

  • Address: 2602 Willow Oak Ct, Panama City Beach, FL 32408

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