Panama City Beach, FL 32413,327 Derondo ST #A & B
Panama City Beach, FL 32413,327 Derondo ST #A & B
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$430,000

$445,000

3.4%
Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

1,276 SqFt


SOLD DATE : 09/05/2023

Key Details

Sold Price $430,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,276 sqft

Price per Sqft $336

Subdivision Kiska Beach 1St Add

MLS Listing ID 742882

Sold Date 09/05/23

Style Duplex

Bedrooms 3

Full Baths 2

Construction Status Fixer

HOA Y/N No

Year Built 1984

Annual Tax Amount $2,098

Tax Year 2022

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Introducing an exceptional investment opportunity in unincorporated Bay County , located west of Hwy. 79 and south of Hwy. 98! This listing features one of two duplexes, sold together as one package at $850,000, offering a total of 6 rooms, 2 full baths, and a combined 2596 sq ft. The first duplex boasts a total of 1276 sq ft. Unit A comprises a cozy 1 bedroom and 1 bath, while Unit B features 2 bedrooms and 1 bath - the feature unit for touring is Unit B (left-side) on Tanaga Str and vacant for easy showing. Currently three are rented to long-term tenants, this duplex presents an ideal scenario for a quadplex configuration, allowing you to live in one unit while generating rental income from the others. Both units share a convenient onsite laundry area.Situated just blocks away from the beach, these two duplexes are adjacent to each other and share an inviting in-ground pool across the .28 ac compound. The pool belongs to this parcel. The second duplex, situated at 326 Tanaga Str (Parcel ID: 36062-010-0000/MLS#:742881), spans 1320 sq ft and mirrors the layout of the first duplex, with Unit A consisting of 1 bedroom and 1 bath, and Unit B offering 2 bedrooms and 1 bath (this is the feature unit for open tours). With its residential financial potential as a quadplex, this property is ideally suited for short-term rentals. Each unit features all-tile floors and a sturdy metal roof, ensuring durability and low maintenance.Please note that the units are currently occupied, and showings must be scheduled in advance due to tenants, some of whom have pets onsite. However, we have provided a convenient 3D Matterport walk-through video tour for your viewing pleasure. Three of the units has its own rental income, with Unit A bringing in $850 per month month-to-month in the Derondo Str duplex and Unit B bringing in $1200 per month lease with 6 months remaining. Unit A in the Tanaga Str duplex generating $900 per month under month-to-month.This unique investment opportunity is being offered as-is, with no survey or termite bond available. The owner has held the properties for 11 years and now seeks a simultaneous closing for both properties. Don't miss out on this chance to own two duplexes with significant income potential and proximity to the beach. Act now and seize this excellent investment opportunity! Offered at $850,000 for both duplexes.

Location

State FL

County Bay

Community Other, See Remarks, Short Term Rental Allowed, Pool

Area 03 - Bay County - Beach

Interior

Interior Features Fireplace

Heating Central, Electric, Fireplace(s), Other, See Remarks

Cooling Central Air, Ceiling Fan(s), Other, See Remarks, Window Unit(s)

Furnishings Unfurnished

Fireplace Yes

Appliance Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator

Exterior

Exterior Feature Pool, Porch

Garage Driveway, Open, Paved

Fence Fenced, Partial, Privacy

Pool Community, Fenced, In Ground, Other, Private, Pool

Community Features Other, See Remarks, Short Term Rental Allowed, Pool

Utilities Available Cable Connected, Electricity Connected, Phone Connected, Septic Available, Trash Collection, Water Available, Water Connected

Waterfront No

Roof Type Metal

Porch Covered, Open, Porch

Parking Type Driveway, Open, Paved

Private Pool Yes

Building

Lot Description Additional Land Available, Cul-De-Sac, Dead End, Interior Lot, Level, Other

Story 1

Foundation Slab

Sewer Septic Tank

Architectural Style Duplex

Construction Status Fixer

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

Senior Community No

Tax ID 36063-009-000

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Other

Special Listing Condition Listed As-Is

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Listed by Redfin Corporation
Bought with Scenic Sotheby's International Realty
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