Catylist ID:
#30830658
Condo Package Investment Opportunity In Golf Resort
Multi-Family
for Sale
| Catylist Listing ID: | 30830658 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 10 Units |
| Building Size (RSF): | 1,800 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,360,000 |
| Unit Price: | $336,000 Per Unit |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | Undisclosed |
| Vacation Rental Income: | Yes |
| Last Updated: | 3/1/2023 |
Overview / Comments
|
This unique opportunity at Audubon-certified St. James Bay Golf Resort includes 10 condos ranging from two bedrooms, two baths and 1,500 square feet to three bedrooms, three baths and 1,800 square feet. It is an ideal opportunity for an investor or someone with 1031 exchange money to spend. Gross Revenues are approximately $420,000 per year. The golf course meanders through rugged vegetation and wetlands, where sightings of cranes, hawks, eagles, black bears and alligators are a regular occurrence. These properties are located near SummerCamp Beach, an off-the-beaten-path stretch of beach where you can engage in watersports, fishing and swimming, and various area parks. You're just moments from dining, shopping and entertainment options including the town of Carrabelle and the 14,366-acre Alligator Harbor Aquatic Preserve. Unit numbers are: 211, 212, 222, 223, 232, 233, 311, 314, 322, 324. |
Additional Details
| Nearest MSA: | Panama City |
| County: | Franklin |
| Tax ID/APN: | 05-07S-03W-1003-0002-0213 |
| Community Amenities: | Outdoor Pool |
| Airports: | Apalachicola, Tallahassee |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Year Built: | 2006 |
| Roof Type: | Other |
| Construction/Siding: | Concrete |
| Parking Type: | Surface |
| Part of Planned Development?: | Yes |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 554 | 971 |
| Median Age: | 57.32 | 57.47 |
| Households: | 300 | 522 |
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