$405,000
$405,000
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7405 B Beach Drive Panama City Beach, FL 32408
3 Beds
2 Baths
1,294 SqFt
Key Details
Sold Price $405,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,294 sqft
Price per Sqft $312
Subdivision Holiday Beach
MLS Listing ID 915327
Sold Date 08/03/23
Bedrooms 3
Full Baths 2
Construction Status Construction Complete
HOA Y/N No
Year Built 1986
Annual Tax Amount $1,359
Tax Year 2021
Lot Size 2,613 Sqft
Acres 0.06
Property Description
This beachy townhouse could be the ideal rental investment, 2nd home, or primary home! Located in east Panama City Beach this townhome is directly across from the Rick Seltzer Park public beach access. You can even see the Gulf of Mexico from the 2nd floor balcony! This townhome has no HOA, no flood insurance required, and there are no restrictions on short term rentals. With projections up to $55K you could see an 8% CAP RATE! Newer 2019 roof along vinyl siding, trex decking replaced with Trex. This townhouse is loaded with potential and ready for a new owner to turn into a STR rental machine. Located just minutes away from the best attractions and restaurants on the beach, it would be hard to find a better investment at this price. Lots of recent updates including a brand new AC system!!
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Single Family
Rooms
Kitchen First
Interior
Interior Features Fireplace, Floor Vinyl, Floor WW Carpet, Newly Painted
Appliance Dishwasher, Refrigerator, Stove/Oven Electric
Exterior
Exterior Feature Balcony, Deck Covered, Porch
Pool None
Utilities Available Electric, Public Sewer, Public Water, TV Cable
View Gulf
Private Pool No
Building
Lot Description Corner, Within 1/2 Mile to Water
Story 2.0
Structure Type Siding Vinyl
Construction Status Construction Complete
Schools
Elementary Schools Breakfast Point
Others
Energy Description AC - Central Elect,Water Heater - Elect
Financing Conventional,FHA,VA
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Bought with ECN - Unknown Office