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Robert Ellis

Robert Ellis
Counts Real Estate Group
Rosemary Beach, FL 32461

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Listing 5 out of 408
$1,550,000 For Sale

2805 Evelyn Avenue
Panama City, FL 32405

Multi Family Home
1.44 acres - MLS# 675319
Property Photo


Rare opportunity to purchase a fully occupied multifamily portfolio boasting excellent locations and up keep. This 25 unit portfolio consists of 3 site locations- 1540 Mulberry Avenue (8 units), 2805 Evelyn Avenue (8 units), and 3025 Altha Avenue (9 units). Each property site has an excellent rental history offering the buyer a unique opportunity to diversify and or expand their portfolio with a chance to increase IRR/yield with little to no immediate capital expenditure needed. All units are separately metered for electric, water and sewer. Most of the units boast granite counter tops, stainless appliances, and tile floors for easy maintenance. Stabilized cash flow in highly desirable and growing areas make this a true turn-key opportunity.


  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Bay County
  • Zip Code: 32405
  • Year Built: 1976
  • Subdivision/Neighborhood: No Named Subdivision
  • Elementary School: Hiland Park
  • Middle School: Mowat
  • High School: Bay
  • Sq.Ft.: 17,991 sq ft
  • Stories: 1
  • Lot Size: 1.44 acres
  • Construction Status: Construction Complete
  • Sub Area: 0201 - Bay - Central NE
  • Utilities: All Utilities
Courtesy of Century 21 Commander Realty Inc

Robert Ellis | 850-814-2908 | Contact Us
P. O. Box 611278 - Rosemary Beach, FL 32461
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