Homes for sale - 5012 Gulf DR #1, Panama City Beach, FL 32408

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Carole Lea Gilman

clg@caroleleagilman.com +1(850) 814-6090

$1,900,000

Est. payment - /mo

8 Beds

8 Baths

3,500 SqFt

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UPDATED:

12/17/2024 04:53 PM

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

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Listed by Dalton Wade Inc

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Carole Lea Gilman

+1(850) 814-6090

Agent | SL3086106

Agent SL3086106

5012 Gulf DR #1 Panama City Beach, FL 32408

Carole Lea Gilman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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