5519_5521 Beach DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32408
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,605 sqft
Price per Sqft $302
Subdivision Baltimore Beach
MLS Listing ID 767454
Style Duplex
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 2003
Annual Tax Amount $1,401
Tax Year 2023
Property Description
If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Electric
Cooling Electric
Furnishings Unfurnished
Fireplace No
Appliance Dryer,Dishwasher,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Refrigerator,Washer
Exterior
Parking Features Driveway
Fence Fenced
Community Features Short Term Rental Allowed
Roof Type Composition,Shingle
Building
Dwelling Type Duplex
Architectural Style Duplex
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31858-000-000
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
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