Sold

Closed

5012 Gulf Drive

Panama City Beach FL, 32408

$1,350,713


$385.92 per sqft

Sold

Closed

8 Beds

8 Baths

3,500 sqft

Multi-family

Built in 1973

***Multiple offers. Highest and best due by 5pm July 6*** Short term quadplex located across the street from the beach and public access. This multifamily complex has a pool and NO HOA. Each of the four units features 2 bedrooms and 2 full baths. Turn key rental machine. Construction is all brick with 2 layers of elastomeric stucco and elastomeric paint. Roof is 2019 and metal composite shingle. All water heaters replaced in 2021. Windows and doors were replaced under current ownership. Floors have all been updated to LVP with thicker rubber backing. Parking lot features 10 spots, 2 per unit, and two extra for vendors or overflow. Property is very low maintenance having no grass or need for lawn service. Financials available upon request. This is the opportunity to own your own condo complex and avoid rising HOA fees and assessments.

743536

MLS ID

July 4, 2023

Listed

October 24, 2024

Updated

Map

5012 Gulf Drive
Panama City Beach FL, 32408

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

8


Full Bathrooms

8


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

School Information

High School

Arnold


Elementary School

Patronis

Other Property Details

Area Name

03 - Bay County - Beach


Taxes

$2,800


Tax Frequency

Annually


Days on Market

4


Garage

No


View

Yes


View Description

Gulf


County

Bay


Pool

Yes


Pool Features

In Ground

Listing History

Date

Event

Price

8/11/2023

Price change

$1,350,713

-4%

8/11/2023

Sold

$1,350,713

7/7/2023

Pending

 

Courtesy of Counts Real Estate Group Inc, Cherie L Alexander,
Listing Contact: (850) 960-1554 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Duran Group FL shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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