Active
5012 Gulf Drive 1
Panama City Beach FL, 32408
$1,900,000
$542.86 per sqft
Active
8 Beds
8 Baths
3,500 sqft
Multi-family
Built in 1973
**Investment Opportunity: Beachside Quadplex**SELLER WILL SELL 2 0R 3 UNITS EACH UNIT HAS ITS OWN PARCEL IDDiscover 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.
766283
MLSⓇ ID
December 17, 2024
Listed
January 20, 2025
Updated
Map
5012 Gulf Drive 1
Panama City Beach FL, 32408
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
8
Full Bathrooms
8
Appliances
Washer/Dryer Stacked, Dishwasher, Electric Range, Microwave, Refrigerator
Laundry Description
Stacked
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Balcony
Roof
Metal
School Information
High School
Arnold
Elementary School
Patronis
Other Property Details
Area Name
03 - Bay County - Beach
Taxes
$750
Tax Frequency
Annually
Days on Market
34
Garage
No
Parking
Additional Parking, Paved
View
Yes
View Description
Gulf
County
Bay
Pool
Yes
Pool Features
In Ground
Courtesy of Dalton Wade Inc, Sandi Smith,
Listing Contact: (229) 326-2998
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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