$1,475,000
Panama City Beach, FL 32408
MLS# 752895
Status: Sold
12 beds | 12 baths | 8160 sqft
1 / 29
Property Description
Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen. All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019. Owner will consider owner financing, call for more details.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2397
Last Tax Year: 2023
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 196.08
Status: Sold
List Date: 2024-02-16
List Price: $1,600,000
Current Price: $1,475,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: East on Thomas Dr. to left on Biltmore to right on Pinetree Ave., Quads on your left
Area: 03 - Bay County - Beach
Street #: 5500,04,06
Street Name: Pinetree
Street Suffix: Avenue
State: FL
Zip Code: 32408
County: Bay
Subdivision: Biltmore Beach
Parcel ID: 31808-000-000
Legal Description: BILTMORE BEACH LOT 9 BLK G ORB 3491 P 1196 MAP 70B2
General Property Info
Acreage: 0.41
Design: N/A
Lot Size (SqFt): 17860
Apx SqFt(Htd/Cooled): 8160
Construction Status: Construction Complete
SqFt Source: Prop App Site
# of Stories in Building: 2
# of Units in Bldg: 12
Lot Dimensions: 150x120
Garage Y/N: No
Sub-Type: Quadplex Multi-Units
Bedrooms: 12
Full Baths: 12
Total Baths: 12
Year Built: 1981
Remarks & Misc
Remarks: Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen.
All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019.
Owner will consider owner financing, call for more details.
Status Change Info
Sold Price/SqFt: 180.76
Sold Price/Acre: 3597560.98
Under Contract Date: 2024-08-01
Sold Date: 2024-08-14
Sold Price: $1,475,000
Appliances
Cooktop - Electric: 1
Dishwasher: 1
Oven - Electric: 1
Refrigerator: 1
Water Heater - Electric: 1
Interior Features
Floor - Vinyl Plank: 1
Construction/Siding
Roof - Composite Shngl: 1
Exterior
Fenced Back Yard: 1
Porch Open: 1
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Parking Features
Driveway: 1
Paved: 1
Present Zoning
Resid Multi-Family: 1
Rooms
Kitchen: 1
Living Room: 1
Primary Bathroom: 1
Primary Bedroom: 1
Utilities
All Utilities: 1
Electricity - Connected: 1
Water Connected: 1
Septic Tank: 1
Sale Type
As Is: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Cooktop - Electric; Dishwasher; Oven - Electric; Refrigerator; Water Heater - Electric
Cooling: Ceiling Fan(s); Electric
Heating: Central; Electric
Exterior: Fenced Back Yard; Porch Open
Financing: Cash; Conventional; Seller Financing
Furnished: Unfurnished
Kitchen: First
Living Room: First
Lot Features: Near Beach Access; Within 1/2 Mile to Water
Lot Access: City Street
Parking Features: Driveway; Paved
Rooms: Kitchen; Living Room; Primary Bathroom; Primary Bedroom
Sale Type: As Is
Utilities: All Utilities; Electricity - Connected; Septic Tank; Water Connected
Present Zoning: Resid Multi-Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Living Room | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Kitchen | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bedroom | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bathroom | First | 8 x 8 | 8.00 | 8.00 | 8 x 8 |
| Living Room | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Kitchen | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bedroom | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bathroom | First | 8 x 8 | 8.00 | 8.00 | 8 x 8 |
| Living Room | First | 15 x 10 | 15.00 | 10.00 | 15 x 10 |
| Kitchen | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bedroom | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bedroom | First | 8 x 8 | 8.00 | 8.00 | 8 x 8 |
Listing Office: ERA Neubauer Real Estate, Inc
Last Updated: September - 26 - 2024
Information deemed reliable but not guaranteed.