Residential Land with Home for Sale in Panama City, Florida
4525 Carla Ln Panama City, FL 32405
This property is a MULTI-FAMILY INVESTOR and DEVELOPERS DREAM! This 5-acre parcel currently brings in $4,000/month in income and has incredible potential for future development.
Positioned in Lynn Haven, recently named one of the TOP 10 places to live in Florida, you'll find 5 acres zoned Medium Density that currently holds MULTI-FAMILY investment properties where all structures are occupied by tenants. Bringing in $4,000/month in income, this is a PRIME opportunity to cash flow from day 1 and hold the property for future development.
4525 Carla Lane offers 5 acres, zoned Medium Density Residential and density is 4-10 units per acre. Zoned for single family homes, duplexes, multi-family or group home - the possibilities are endless with this future development opportunity. 4525 Carla Lane offers 5 acres, zoned Medium Density Residential and density is 4-10 units per acre. Zoned for single family homes, duplexes, multi-family or group home - the possibilities are endless with this future development opportunity.
This property includes 5 structures and are all occupied by tenants at this time. There is also a 30'x60' garage with 4 bays and roll-up garage doors. This garage is currently being used for storage by Owner but leaves opportunity to bring in additional income, if rented.
This property is located less than 1/2 mile from Trane Technologies and the Lynn Haven Sports Complex, within a few miles of Publix, Dollar General and dining and within 2 miles of North Bay Haven Charter Academy.
All information provided must be verified by Buyer, if important. Property is occupied by tenants. Please do not disturb tenants.
Directions
Heading north on Highway 77, turn right on Highway 390 in Lynn Haven. Turn right onto Carla Lane. Property is on the right.
Location
- Street Address
- 4525 Carla Ln
- County
- Bay County
- Elevation
- 20 feet
Property details
- Zoning
- Resid Multi-Family
- MLS Number
- ECARMLS 964964
- Date Posted
Property taxes
- 2024
- $4,344
Parcels
- 11522-000-000
Legal description
14 3S 14W -5- 116B ST A B DEV CO PLAT LOT 23 LESS RW & LESS TO CO RD . ORB 4030 P 1241
Detailed attributes
Listing
- Type
- Residential
- Subtype
- Mobile Home
Lot
- Features
- Pond, Waterfront
Structure
- Stories
- 1
- Cooling
- Window Unit(s) A/C
Exterior
- Parking
- Detached Garage, Garage
Interior
- Room Count
- 14
- Rooms
- Bathroom x 5, Bedroom x 5
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Deer Point | Elementary | — | — |
| Mowat | Middle | — | — |
| Mosley | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 19, 2024 | Under contract | $425,000 | — | ECARMLS |
| Dec 19, 2024 | New listing | $425,000 | — | ECARMLS |