5012 Gulf DR #1 new Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $542
Subdivision [No Recorded Subdiv]
MLS Listing ID 766283
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1973
Annual Tax Amount $750
Tax Year 2023
Property Description
**Investment Opportunity: Beachside Quadplex**Discover a prime investment opportunity with this turnkey quadplex, perfectly situated across a quiet street from the beach and directly at the public access. This multifamily complex is not just a property; it's a lucrative rental machine with a proven track record of success, boasting 5-star reviews on Airbnb.- **Four Units, Each with 2 Bedrooms and 2 Full Baths:** Ideal for attracting vacationers and long-term renters alike.- **Amenities:** Enjoy a refreshing pool and the convenience of no HOA fees, maximizing your investment returns.- **Recent Upgrades:** All-brick construction with two layers of elastomeric stucco and paint, plus a brand-new 2024 standing seam metal roof. Water heaters replaced in 2021 and modernized windows and doors ensure low maintenance.- **Modern Interiors:** Updated LVP flooring with thicker rubber backing for durability and comfort.- **Proven Rental Success:** This property consistently generates strong rental income, supported by its stellar 5-star Airbnb reviews from satisfied guests.- **Ample Parking:** A spacious lot with 10 designated spots (2 per unit), plus additional space for vendors or overflow.This property requires minimal upkeep with no grass or lawn service, making it an attractive option for hassle-free ownership. Financials are available upon request. Don't miss this chance to own a profitable condo complex while avoiding rising HOA fees and assessments. Invest in your future today! Seller is willing to sell only two units inquire if Intrested.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Central
Cooling Central Air
Furnishings Furnished
Fireplace No
Appliance Washer/Dryer Stacked,Dishwasher,Electric Range,Microwave,Refrigerator
Laundry Stacked
Exterior
Exterior Feature Balcony
Parking Features Additional Parking,Paved
Fence Fenced
Pool In Ground
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected,High Speed Internet Available
View Y/N Yes
View Gulf
Roof Type Metal
Porch Balcony,Covered,Deck,Open,Patio,Porch
Building
Story 2
Foundation Slab
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32256-010-000
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Listed As-Is