Multifamily

Cottages By The Bay

Panama City, FL 32408

$3,415,000

9

Beds

70

Baths

40040

Sq.Ft

Cottages By The Bay

Cottages By The Bay is a charming apartment community with quaint and cozy studio, 1 and 2 bedroom apartments. All apartments are one level, no one above or below you! Cottages By The Bay is conveniently located just minutes away from the world's most beautiful beaches and 1 mile from the navy base.

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Property Details

Property Type

Multifamily

Property Role

General Partner

Property Status

Sold

Total Buildings

9

Number Of Units

70

Square Feet

40040

Year Built

1985

Purchase Price

$2,380,000

Total Sale Price

$3,415,000

Gross Profit

$718,000

Purchase Date

Mar 24, 2015

Sale Date

August 18, 2017

IRR

17.8%
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