Panama City Beach, FL 32407,602 Fernwood ST

$685,000

$895,000

23.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8 Beds

8 Baths

4,146 SqFt


SOLD DATE : 08/12/2021

Key Details

Sold Price $685,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,146 sqft

Price per Sqft $165

Subdivision Daugette Add-Bahm Bch

MLS Listing ID 710675

Sold Date 08/12/21

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1999

Annual Tax Amount $2,918

Tax Year 2020

Property Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Short-term rentals allowed for this Multi- Family property! Less than 2 blocks from Bahama Beach, this building has four units, each with 2BR/2BA, the upstairs units have balconies and the downstairs units have patios. The seller says currently nets $91,000 a year could be 40-50% more if you do short-term. The seller pays sewer, water and trash while the tenants pay electric and cable. Not only is this property close to the Gulf of Mexico, it's also walking distance to several restaurants, a park, a school and more! Fantastic investment opportunity! All info is approx and must be verified by Buyers if important.

Location

State FL

County Bay

Community Beach, Other, Playground, Park, See Remarks, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Cooling Heat Pump, Multi Units

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Self Cleaning Oven

Exterior

Exterior Feature Balcony

Parking Features Parking Lot

Community Features Beach, Other, Playground, Park, See Remarks, Short Term Rental Allowed

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Trash Collection, Water Connected

Porch Balcony, Covered, Patio

Building

Story 2

Entry Level Two

Level or Stories Two

Schools

Elementary Schools Hutchison Beach

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 34270-000-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
SimpliHŌM - Making Real Estate Simple

SimpliHŌM - Making Real Estate Simple

+1(855) 856-9466

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Scott Ingraham Real Estate
Bought with Scott Ingraham Real Estate
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.