5012 Gulf Drive 1, Panama City Beach FL 32408

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$1,900,000

5012 Gulf Drive 1, Panama City Beach, FL 32408

bedrooms

bathrooms

square feet

3,500

Acreage

Open Houses

year built

1973

Full Baths

Half Baths

Find out more

**Investment Opportunity: Beachside Quadplex**Discover 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.

Location
Subdivision	[no Recorded Subdiv]
County	Bay
Elementary School	Patronis
Middle School	Surfside
High School	Arnold

Driving directions

Open houses

None scheduled.

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MLS number: 766283

Listing agent: Sandi Smith

Listing broker: Dalton Wade (727) 888-4175

Copyright © 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, December 18 2024 at 10:59 a.m. EST

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