119 College Avenue

Panama City, FL 32401

$769,000
Price
15
Beds
9
Baths
5,222 Sq. Ft.
$147 / Sq. Ft.
5,222
Sq. Ft.
$147
per Sq. Ft.
a view of a city from a terrace
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a view of a house with a yard patio and a small yard
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a kitchen with white cabinets stainless steel appliances and sink
a kitchen with stainless steel appliances granite countertop a refrigerator stove and sink
a bathroom with a sink toilet and shower
a bedroom with a bed and a chandelier
a bathroom with a sink a toilet and shower curtain
a bedroom with a bed and a potted plant
a view of a house with a yard and wooden fence
a view of room with wooden floor and closet
a view of a kitchen with dining table and chairs
a kitchen with a stove a sink and a refrigerator
a kitchen with granite countertop white cabinets and white appliances
a living room with stainless steel appliances kitchen island granite countertop furniture and wooden floor
a view of a kitchen with dining table and chairs
a kitchen with stainless steel appliances granite countertop a refrigerator sink and white cabinets
a bedroom with a bed and a chandelier
a bedroom with a bed and a flat screen tv
a bathroom with a sink a toilet and shower
a bedroom with a bed and a window
a living room with furniture and a flat screen tv
a living room with furniture and a ceiling fan
a kitchen with stainless steel appliances a refrigerator a sink a stove and white cabinets with wooden floor
a view of a house with a yard and sitting area
a kitchen with a sink a cabinets and chairs
a kitchen with a stove a sink and a refrigerator
a bedroom with a bed and a chandelier
a bathroom with a sink toilet and mirror
a bedroom with furniture and a wooden floor
a living room with furniture and a flat screen tv
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Description

Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting...Welcome to 119 College Ave., a property that presents an incredible investment opportunity with stable income generation from 6 rental units in a well-maintained and newly remodeled setting. All 6 units generate approximately $85,800 in gross annual income. This property is nestled on a large corner lot (.4 acres) and does not require flood insurance as it is in 'X'' flood zone. All buildings have newer 30-year dimensional shingle roofs that were installed in 2019. The primary rental house, consisting of 3 rental units (8 bedrooms and 5 bathrooms), has undergone a comprehensive remodel and was taken down to the studs and built back up with the finest attention to detail. It boasts a large front porch, three new HVAC units, and new kitchens equipped with brand-new appliances.
  1. Listed by Kaci A Hawes • ERA Neubauer Commercial
  2. Listed by Heather H Neubauer • ERA Neubauer Commercial

Property Details for 119 College Avenue

Subdivision
NO RECORDED SUBDIVISION
MLS Sub Area
2702 - Bay - Central SE
Zoning
Resid Multi-Family
LISTING UPDATED: 11/08/2024 04:16 PM

Property Details for 119 College Avenue

StatusActive
MLS #954778
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Attached Single Unit
Year Built1925
Lot Size0.41 AC / 17,859 SF
CountyBay County

Building Information for 119 College Avenue

Stories2Year Built1925Building Size-Lot Size0.41 AC / 17,859 SF

Property Information for 119 College Avenue

Summary
Location and General Information
  • Absolute Longitude: 85.63136
  • Directions: From Bay Medical Center (Ascension Sacred Heart Bay), head south on North Bonita Ave for approx. .2 miles and turn left on Bus-US 98. In approx. 1 mile, take a right onto Sherman Ave. Proceed .2 miles and then take a left on E 3rd St. Proceed .2 miles and take a right onto College Ave. Buildings will be on the corner lot on the right.
  • Longitude: -85.63136
  • Latitude: 30.150191
Taxes and HOA Information
  • Assessment Fees: No
School Information
  • Elementary School: Cherry Street
  • High School: Bay
  • Middle School: Jinks
Utilities
  • Utilities: Electric,Public Sewer,Public Water
Parking
  • Garage YN: No
Property
Parking
  • Carport YN: No
Lot Information
  • Stories: 2.00
  • Area: 27 - Bay County
  • Building Design: Traditional
  • Lot Dimensions: 179 x 120 x 179 x 120
  • Lot Features: Cleared,Corner
  • Lot Parcel Access: City Road,Paved Road
Property and Assessments
  • Property Type: Residential
Interior and Exterior Features
Exterior Features
  • Exterior: Patio Covered, Porch, Renovated
  • Homestead: No
  • Pool: No
  • Pool Type: None
Interior Features
  • Appliances: Cooktop,Refrigerator,Stove/Oven Electric
  • Energy: AC - 2 or More,AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Water Heater - Elect
  • Interior: Newly Painted, Renovated, Washer/Dryer Hookup
Room Information
Room Information
  • Bedroom: First,Second
  • Master Bedroom: First,Second
  • Rooms: Bedroom,Dining Area,Master Bedroom
Room 1
  • Dimensions: 15.11 x 15.6
  • Remarks: Unit 1:Measurements are not exact; Buyer to verify
  • Length: 15.11
  • Width: 15.6
  • Level: 1
  • Area: 235.72
Room 2
  • Dimensions: 8.5 x 9.2
  • Remarks: Unit 1:Measurements are not exact; Buyer to verify
  • Length: 8.5
  • Width: 9.2
  • Level: 1
  • Area: 78.2
Room 3
  • Dimensions: 12.2 x 10.5
  • Remarks: Unit 1: Buyer to verify measurements
  • Length: 12.2
  • Width: 10.5
  • Level: 1
  • Area: 128.1
Room 4
  • Dimensions: 12.2 x 10.5
  • Remarks: Unit 2: Buyer to verify measurements
  • Length: 12.2
  • Width: 10.5
  • Level: 2
  • Area: 128.1
Room 5
  • Dimensions: 8 x 10.8
  • Remarks: Unit 2: Buyer to verify measurements
  • Length: 8.0
  • Width: 10.8
  • Level: 2
  • Area: 86.4
Room 6
  • Dimensions: 12.2 x 18.9
  • Remarks: Unit 2: Buyer to verify measurements
  • Length: 12.2
  • Width: 18.9
  • Level: 2
  • Area: 230.58
Room 7
  • Dimensions: 7.11 x 12.4
  • Remarks: Unit 3: Buyer to verify measurements
  • Length: 7.11
  • Width: 12.4
  • Level: 1
  • Area: 88.16
Room 8
  • Dimensions: 7.8 x 12.4
  • Remarks: Unit 3: Buyer to verify measurements
  • Length: 7.8
  • Width: 12.4
  • Level: 1
  • Area: 96.72
Room 9
  • Dimensions: 9.7 x 11.7
  • Remarks: Unit 5: Buyer to verify measurements
  • Length: 9.7
  • Width: 11.7
  • Level: 1
  • Area: 113.49
Room 10
  • Dimensions: 10.3 x 9.7
  • Remarks: Unit 5: Buyer to verify measurements
  • Length: 10.3
  • Width: 9.7
  • Level: 1
  • Area: 99.91
Room 11
  • Dimensions: 9.11 x 11.1
  • Remarks: Unit 6: Buyer to verify measurements
  • Length: 9.11
  • Width: 11.1
  • Level: 1
  • Area: 101.12
Room 12
  • Dimensions: 12.4 x 9.7
  • Remarks: Unit 6: Buyer to verify measurements
  • Length: 12.4
  • Width: 9.7
  • Level: 1
  • Area: 120.28
Room 13
  • Dimensions: 8.3 x 8.5
  • Remarks: Unit 7: Buyer to verify measurements
  • Length: 8.3
  • Width: 8.5
  • Level: 1
  • Area: 70.55
Room 14
  • Dimensions: 10.4 x 8.5
  • Remarks: Unit 7: Buyer to verify measurements
  • Length: 10.4
  • Width: 8.5
  • Level: 1
  • Area: 88.4
Room 15
  • Dimensions: 9.3 x 8
  • Remarks: Unit 7: Buyer to verify measurements
  • Length: 9.3
  • Width: 8.0
  • Level: 1
  • Area: 74.4
Room 16
  • Dimensions: 10 x 12
  • Remarks: Measurements are not exact; Buyer to verify
  • Length: 10.0
  • Width: 12.0
  • Level: 1
  • Area: 120.0
Room 17
  • Dimensions: 8 x 12
  • Remarks: Measurements are not exact; Buyer to verify
  • Length: 8.0
  • Width: 12.0
  • Level: 1
  • Area: 96.0
Rental
Rental Information
  • Is Subject Leased: Yes
  • Lease Expiration Date: 12-31-2024
  • Rent per month: $7,150
  • Immediate Occupancy: Yes

Property History for 119 College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 119 College Avenue

Taxable ValueLand$31,800Additions$146,990Total$178,790
Tax Record2023$2,910 ($243 / month)
Home Facts
Total Finished SqFt3,110 SqFtAbove Grade Finished SqFt3,110 SqFtStories2Lot Size17,860 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925Year Renovated1975CountyBAYAPN22946-000-000

Schools near 119 College Avenue

This home is within Bay.
Rating
School
Type
Grades
Distance
Merriam Cherry Street Elementary School
Public - PK to 5
Jinks Middle School
Public - 6 to 8
Bay High School
Public - 9 to 12
Margaret K. Lewis In Millville
Public - PK to 12
Rating
School
Distance
Merriam Cherry Street Elementary School
PublicPK to 5

Jinks Middle School
Public6 to 8

Bay High School
Public9 to 12

Margaret K. Lewis In Millville
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 119 College Avenue, Panama City, FL 32401

119 College Avenue is a single family home for sale in Panama City, FL 32401. This property was listed for sale on July 16, 2024 by ERA Neubauer Commercial, it's currently listed at $769,000. It has been on the market for a total of 131 days and was last sold on January 20, 2021. This listing's school district is Bay. Nearby schools include Merriam Cherry Street Elementary School, Jinks Middle School and Bay High School. 119 College Avenue is a 15-bed, 9-bath, 5,222 sqft single family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Neubauer Commercial

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.