Real Estate Emporium

Panama City, Florida

Nellie Project-64 Townhomes

64 Units/16 Buildings/4 Units per Building

3 Bedrooms/2 Baths-Each Unit

1,300 SQ/FT-Each Unit

Asking Price is $ 8.5 Million

Will represent buyer!

Location 

20 minutes away from Panama City Beach!

20 minutes away from Mexico Beach!

Airport scheduled to open in 2009!

Panama city is best known for its white sand beaches and crystal blue water, where large pods of dolphins swim year-round. 

These beaches attract hundreds of thousands of visitors from all over the world each year.

Florida Governor Charlie Crist stands as a proud partner of this project for the new jobs it will create and the environmental jewels it will protect.

More Information

11 Units are currently occupied

Units can be rented out or sold

Rents are $1,132/Month

Each unit can sell for $132,812

At Max Capacity

Operating Expense-$9,000/Month

Gross Income-$73,580/Month

Net Income- $64,580/Month

Cap Rate = 9% 

If you would like more information on this property call (323) 375-9788 or (323) 632-2868 or fill out the contact info page.