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Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,548 sqft
Price per Sqft $204
Subdivision Treasure Island
MLS Listing ID 751829
Sold Date 04/11/24
Style Duplex
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1981
Annual Tax Amount $6,274
Tax Year 2023
Property Description
Welcome to 5116 Beach Drive, a fantastic investment opportunity in the heart of Panama City Beach, FL! This charming two-story 4/4 duplex is perfect for savvy investors looking to maximize rental income or enjoy a flexible living arrangement. ***Golf Cart will convey with purchase!Investment Potential: This versatile property allows you to live in one side while renting out the other, creating an ideal income-generating scenario. Alternatively, capitalize on exceptional rental income by leasing both units. Each unit is a 2/2, and both have large sunrooms for additional sleeping arrangements. The potential is limitless, offering a smart investment strategy for those seeking to make the most of their real estate portfolio.Location: Situated just a short walk from the breathtaking beaches of Panama City Beach, this duplex is in a prime location on the East end. Immerse yourself in the coastal lifestyle, with sand and surf just moments away. Additionally, you'll find an array of restaurants and attractions in close proximity, ensuring convenience and entertainment at your doorstep.Accommodations: This property has the capacity to accomodate a large family. The downstairs unit comfortably sleeps 9 people, while the upstairs unit can be furnished to sleep the same amount, possibly more depending on how to furnish it out. Whether you're seeking a vacation home or an income-generating property, the flexibility of this duplex caters to various needs.Outdoor Amenities: Enjoy the Florida sunshine in the spacious yard, providing plenty of room for a pool or outdoor gatherings. The two driveways offer ample parking space and are ideal for those with boats or RVs, adding an extra layer of convenience and versatility to this great property.Don't miss out on the opportunity to own a piece of paradise with this two-story duplex at 5116 Beach Drive. Embrace the potential for exceptional rental income, prime location, and the convenience of walking distance to the beautiful beaches. Act now and turn this property into your next successful investment!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Furnishings Partially
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected, Septic Available, Water Connected
Building
Sewer Septic Tank
Architectural Style Duplex
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31523-000-000
Financing Conventional
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Bought with NON-MEMBER OFFICE