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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