5012 Gulf Drive 1, Panama City Beach, FL 32408
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Priced at Only: $1,900,000
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Address: 5012 Gulf Drive 1, Panama City Beach, FL 32408
Property Location and Similar Properties
- MLS#: 766283 ( Residential )
- Street Address: 5012 Gulf Drive 1
- Viewed: 5
- Price: $1,900,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 0
- Bedrooms: 8
- Total Baths: 8
- Full Baths: 8
- Days On Market: 11
- Additional Information
- Geolocation: 30.1406 / -85.7533
- County: BAY
- City: Panama City Beach
- Zipcode: 32408
- Subdivision: [no Recorded Subdiv]
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
- Provided by: Dalton Wade Inc
- DMCA Notice
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Description**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.
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Balcony
- Fencing: Fenced
- Living Area: 3500.00
- Roof: Metal
School Information
- High School: Arnold
- Middle School: Surfside
- School Elementary: Patronis
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: AdditionalParking, Paved
Eco-Communities
- Pool Features: InGround
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir
- Heating: Central
- Utilities: ElectricityConnected, HighSpeedInternetAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2023
- Trash Expense: 0.00
Other Features
- Appliances: WasherDryerStacked, Dishwasher, ElectricRange, Microwave, Refrigerator
- Furnished: Furnished
- Legal Description: GULFSIDE CONDO APT 1 ORB 494 P 370 2BR 2B 688 H&C ORB 4719 P 1841
- Area Major: 03 - Bay County - Beach
- Occupant Type: Tenant
- Parcel Number: 32256-010-000
- The Range: 0.00
- View: Gulf
Nearby Subdivisions
[no Recorded Subdiv]
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Preserve On The Bay Ph I
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- Tracy Gantt, REALTOR ®
- Tropic Shores Realty
- Mobile: 352.410.1013
- tracyganttbeachdreams@gmail.com