$405,000
$400,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
5519 Palm WAY Panama City Beach, FL 32408
2 Beds
2 Baths
1,216 SqFt
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,216 sqft
Price per Sqft $333
Subdivision Biltmore Beach 1St Add
MLS Listing ID 755409
Sold Date 04/30/24
Style Duplex
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1983
Annual Tax Amount $2,343
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Discover the perfect investment opportunity with this charming duplex, boasting a desirable location that's just a leisurely stroll from the soft sandy shores. With one bedroom and one bathroom on each side, this property can be used in many ways: long term tenants, short term rentals, house hacking, or use one as a 2nd home while the other unit helps pay for the expenses. Unit A is was updated in 2018 and is currently rented month-to-month for $1400. The unit features LVP flooring, stainless steel appliances, and comes with the washer and dryer. Unit B just finished a remodel and features LVP flooring, new cabinets, quartz countertops, new appliances and custom trim throughout. Whether you're looking to grow your rental portfolio or secure a flexible coastal property that caters to multiple rental strategies, this duplex holds the key to an enviable lifestyle investment.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar, High Ceilings, Vaulted Ceiling(s)
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Exterior
Exterior Feature Patio
Garage Driveway
Fence Partial
Community Features Short Term Rental Allowed
Utilities Available Electricity Connected, High Speed Internet Available, Other, Septic Available, Trash Collection, Water Connected
Waterfront No
Parking Type Driveway
Building
Foundation Slab
Sewer Septic Tank
Architectural Style Duplex
Additional Building Shed(s)
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 32064-000-000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing VA
Special Listing Condition Listed As-Is
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Bought with Corcoran Reverie