6321 Lenawee Apartment Syndication Pending

  • $1,350,000
  • 36 beds
  • 18 baths
  • 13664 sqft

Deal Package : Click Here

 

6321 Lenawee Apartment is located in Panama City, FL. The property consists of four 2

two-story quad buildings and 1 two-story duplex. The property is owned/operated by two investors

looking to sell the property to divest their portfolio of investment properties and focus on retirement.

The apartment unit, like most homes and businesses in the surrounding area, was impacted by

Hurricane Michael. Fortunately, the owners were insured and have been working through the claim

process ever since. They have made a lot of progress in having the necessary renovations performed,

but they have experienced delays due to insurance company timeliness along with contractors

performance in executing the renovations. Currently, the property is at 80% occupancy, yet poised to

return to 100% occupancy.

 

Price:
$1,350,000
Address:
6321 LENAWEE STREET #D
Panama City, FL 32404
Square Feet:
13664
Lot Size:
4443
Bedrooms:
36
Bathrooms:
18
Terms:
Owner Finance
Property Type:
Apartment
Year Built:
1985
MLS #:
686555

Call 757-699-4447 for more details

Property Location