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Sold for $475,000
  • $475,000

    1902 Louise Ave Unit A-b, Panama City, FL 32405

    6beds
    2,163sqft
    Quadruplex, Multi Family
    Built in 1942
    -- sqft lot
    $469,600 Zestimate®
    $220/sqft
    $1,498 Estimated rent

    Home value

    $469,600

    $423,000 - $521,000

    $1,498/mo

    Zestimate® history
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    What's special

    Fully remodeled plumbingWasher and dryer connectionsWater heaters
    This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020. ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner-occupier. FHA!! - gross income at the current rate is $48,500.00 - Insurance is $4000 - Taxes are $5,673.36 - Vacancy and Maintenance at 5% is $2425 - Net Operating income is $36,401.64 - CAP Rate is 7.2%

    Zillow last checked:

    Listing updated:

    Listed by:

    Alex Ismail 850-851-8402,

    Sand Seeker Realty LLC

    Bought with:

    Jarah J Chesnut, 3242542

    Chesnut Realty, Inc

    Source: CPAR,MLS#: 769731MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Bedroom, Full Bath, Kitchen, Living Room
    Bedroom
    • Level: First
    • Dimensions: 10 x 10
    Bedroom
    • Level: First
    • Dimensions: 10 x 11
    Other
    • Level: First
    • Dimensions: 12 x 13
    Kitchen
    • Level: First
    • Dimensions: 10 x 10
    Living room
    • Level: First
    • Dimensions: 13 x 14
    Living room
    • Level: First
    • Dimensions: 13 x 12
    Appliances
    • Included: Electric Range, Electric Water Heater
    Interior area
    • Total structure area: 2,163
    • Total interior livable area: 2,163 sqft

    Property

    Lot
    • Size: 0.33 Acres
    • Dimensions: 115 x 125
    Details
    • Parcel number: 28069000000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1942

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Subdivision: Drummond & Ware Add
    HOA
    • Has HOA: No
    Location
    • Region: Panama City

    Financial & listing details

    • Price per square foot: $220/sqft
    • Annual tax amount: $5,910
    • Date on market: 3/4/2025
    • Cumulative days on market: 58 days

    Price history

    DateEventPrice
    6/3/2025Sold$475,000-4.8%$220/sqft
    Source: CPAR #769731 Report a problem
    5/16/2025Pending sale$498,900$231/sqft
    Source: CPAR #769731 Report a problem
    4/14/2025Price change$498,9000%$231/sqft
    Source: CPAR #769731 Report a problem
    4/11/2025Price change$499,000-0.2%$231/sqft
    Source: CPAR #769731 Report a problem
    3/4/2025Listed for sale$499,900-4.8%$231/sqft
    Source: CPAR #769731 Report a problem
    9/28/2022Listing removed--
    Source: CPAR #732136 Report a problem
    9/13/2022Listed for sale$525,000+69.4%$243/sqft
    Source: CPAR #732136 Report a problem
    7/30/2021Sold$310,000-17.3%$143/sqft
    Source: CPAR #703991 Report a problem
    4/9/2021Contingent$375,000$173/sqft
    Source: CPAR #703991 Report a problem
    3/29/2021Price change$375,000-6.2%$173/sqft
    Source: CPAR #703991 Report a problem
    11/3/2020Listed for sale$399,900$185/sqft
    Source: Century 21 Commander Realty #703991 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 32405

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lucille Moore
    • Middle: Jinks
    • High: Bay

    Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $469,600
    2% more
    +$9,392
    With Zillow Showcase(estimated)
    $478,992
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $469,600
    2% more
    +$9,392
    With Zillow Showcase(estimated)
    $478,992