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Bay County · Panama City, FL 32408

| TURNKEY PCB DUPLEX | $97K GROSS (2024 ACTUAL) | STEPS TO THE SAND

$610,000
4
Beds
2
Baths
1,544
Sq ft
1999
Year built

About this property

TURNKEY PANAMA CITY BEACH, FL DUPLEX WITH INCOME IN PLACE + STR UPSIDE Steps to the sand | Fully furnished | INCOME IN PLACE NO HOA • NO FLOOD INSURANCE NEEDED Duplex 4/2 2 Bed / 1 Bath per unit 2024 Performance (Actual): Gross Revenue: $97,000 Unit 1: $49,000 Unit 2: $48,000 2024 Cap Rate: ~10.4% - 10.8% PROJECTED STR REVENUE (IF BOTH UNITS OPERATED FULL-TIME AS STRs):~$110,000 PROJECTED CAP RATE: ~12.2% - 12.7% Why pay a mortgage when your tenants can help pay it for you? $2,600/mo income currently in place Both units fully furnished & turnkey One unit ready to capture prime STR season immediately Strong rental history + high STR upside Perfect for investors, house hackers, or anyone wanting a beach property that helps pay for itself PRIME RENTAL SEASON IS HERE - NEXT OWNER CAN STEP IN

Property snapshot

Layout4 Bed / 2 Bath
Living area1,544 sq ft
Lot size0 sq ft
Year built1999
Property typeMulti-Family
CountyBay County

Deal details

Asking price$610,000
ARV estimate$600,000
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$610K
ARV est.
$600K
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M
Ms. Meriam
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