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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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114 S Highway 22 A 114 & 118 , Panama City, FL 32404
$1,600,000
Est. Payment: $8,114.06/mo
0 Bed
0 Bath
13768 Sqft
Status: active | Days on site: 49
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
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House Description

SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.
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Highlights

Listed by Charlie B Haas , 850-896-2240 and Jim Everitt , 850-814-9924 Counts Real Estate Group , 850-248-3615. Bay County Association of REALTORS

Property Type

Commercial Sale
Lot/Acreage
0.65

Year Built

1984

County

Bay

Area

02 - Bay County - Central

 Neighborhood

Lakewood

Listing ID

790876

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Resid Multi-Family
Roof:Composition,Shingle
Sewer:Public Sewer
Principal Interest
$8,114
Taxes
$1,020

Home Price

$1,600,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,114.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,114.06 $1,020.00 $0.00 $9,134.06
Yearly $97,368.66 $12,240.00 $0.00 $109,608.66
Total $2,921,059.90 $367,200.00 $0.00 $3,288,259.90

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS