3,500 SqFt
3,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $457
Subdivision Gulfside Condo.
MLS Listing ID 792850
HOA Y/N No
Year Built 1973
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Property Description
The property consists of four ground floor units totaling approximately 3,500 square feet with 10 bedrooms and 8 bathrooms across the complex and is situated on approximately 0.13 acres. Unit 1 and Unit 3 are each 3 bedroom 2 bath units of approximately 935 square feet, while Unit 2 and Unit 4 are each 2 bedroom 2 bath units of approximately 815 square feet. The property includes a shared community pool.
There is no HOA and short term rentals are allowed. The entire complex is being offered fully furnished and turnkey, allowing a new owner to begin generating rental income immediately upon closing while capturing peak revenue as the Panama City Beach spring and summer seasons approach.
The units offer functional layouts, durable finishes, and ground floor access that renters consistently prefer. Major building improvements have already been completed including solid all brick construction with dual layers of elastomeric stucco and paint, a 2024 standing seam metal roof w new truss system and hurricane clips, updated windows and doors, HVAC and water heaters replaced .
Ownership of the entire complex provides FULL control of the building and common areas, allowing a buyer to establish access, usage, and management standards that align with their investment strategy. The seller has prepared rental projections estimating gross annual income potential in the range of approximately $200,000 to $225,000 when operated as short term rentals, and rental projections are estimates and not guaranteed. Previous numbers are available under a contingency.
Quadplexes offering direct beach access, no typical HOA restrictions, rental flexibility, and scale potential rarely come available as a single acquisition in this location. Assets with this level of location, scale, and rental flexibility do not stay available long. Call your favorite agent today to schedule a showing and learn more about this STR quadplex opportunity in Panama City Beach, FL!
Location
State FL
County Bay
Community Pool
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Parking Features Paved
Pool Community
Community Features Pool
Utilities Available Sewer Available
View Y/N Yes
View Gulf
Roof Type Metal
Private Pool No
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Level or Stories Two
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32256-009-000
Nearby Locations
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