$430,000
$445,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
327 Derondo ST #A & B Panama City Beach, FL 32413
3 Beds
2 Baths
1,276 SqFt
Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,276 sqft
Price per Sqft $336
Subdivision Kiska Beach 1St Add
MLS Listing ID 742882
Sold Date 09/05/23
Style Duplex
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1984
Annual Tax Amount $2,098
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Introducing an exceptional investment opportunity in unincorporated Bay County , located west of Hwy. 79 and south of Hwy. 98! This listing features one of two duplexes, sold together as one package at $850,000, offering a total of 6 rooms, 2 full baths, and a combined 2596 sq ft. The first duplex boasts a total of 1276 sq ft. Unit A comprises a cozy 1 bedroom and 1 bath, while Unit B features 2 bedrooms and 1 bath - the feature unit for touring is Unit B (left-side) on Tanaga Str and vacant for easy showing. Currently three are rented to long-term tenants, this duplex presents an ideal scenario for a quadplex configuration, allowing you to live in one unit while generating rental income from the others. Both units share a convenient onsite laundry area.Situated just blocks away from the beach, these two duplexes are adjacent to each other and share an inviting in-ground pool across the .28 ac compound. The pool belongs to this parcel. The second duplex, situated at 326 Tanaga Str (Parcel ID: 36062-010-0000/MLS#:742881), spans 1320 sq ft and mirrors the layout of the first duplex, with Unit A consisting of 1 bedroom and 1 bath, and Unit B offering 2 bedrooms and 1 bath (this is the feature unit for open tours). With its residential financial potential as a quadplex, this property is ideally suited for short-term rentals. Each unit features all-tile floors and a sturdy metal roof, ensuring durability and low maintenance.Please note that the units are currently occupied, and showings must be scheduled in advance due to tenants, some of whom have pets onsite. However, we have provided a convenient 3D Matterport walk-through video tour for your viewing pleasure. Three of the units has its own rental income, with Unit A bringing in $850 per month month-to-month in the Derondo Str duplex and Unit B bringing in $1200 per month lease with 6 months remaining. Unit A in the Tanaga Str duplex generating $900 per month under month-to-month.This unique investment opportunity is being offered as-is, with no survey or termite bond available. The owner has held the properties for 11 years and now seeks a simultaneous closing for both properties. Don't miss out on this chance to own two duplexes with significant income potential and proximity to the beach. Act now and seize this excellent investment opportunity! Offered at $850,000 for both duplexes.
Location
State FL
County Bay
Community Other, See Remarks, Short Term Rental Allowed, Pool
Area 03 - Bay County - Beach
Interior
Interior Features Fireplace
Heating Central, Electric, Fireplace(s), Other, See Remarks
Cooling Central Air, Ceiling Fan(s), Other, See Remarks, Window Unit(s)
Furnishings Unfurnished
Fireplace Yes
Appliance Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator
Exterior
Exterior Feature Pool, Porch
Garage Driveway, Open, Paved
Fence Fenced, Partial, Privacy
Pool Community, Fenced, In Ground, Other, Private, Pool
Community Features Other, See Remarks, Short Term Rental Allowed, Pool
Utilities Available Cable Connected, Electricity Connected, Phone Connected, Septic Available, Trash Collection, Water Available, Water Connected
Waterfront No
Roof Type Metal
Porch Covered, Open, Porch
Parking Type Driveway, Open, Paved
Private Pool Yes
Building
Lot Description Additional Land Available, Cul-De-Sac, Dead End, Interior Lot, Level, Other
Story 1
Foundation Slab
Sewer Septic Tank
Architectural Style Duplex
Construction Status Fixer
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Senior Community No
Tax ID 36063-009-000
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Other
Special Listing Condition Listed As-Is
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Bought with Scenic Sotheby's International Realty