114 Malaga 4 Place, Panama City Beach, FL 32413
$2,400,000
Property Type:
Residential
Bedrooms:
8
Baths:
9
Square Footage:
4,356
Lot Size (sq. ft.):
7,821
Status:
Active
Current Price:
$2,400,000
List Date:
3/19/2024
Last Modified:
3/26/2024
Description
''GULF VIEW'' Owner financing with 15% down, 30-year amortization- 5yr Balloon (for those that qualify) Four town homes together with a gulf view that is in a vacation rental approved neighborhood with a DEDICATED BEACH which makes this property a unique opportunity. Two units have been remodeled inside and out. They will also be sold furnished and are currently on Short Term Rentals. The owner has made a lot of improvements on the outside of this property. The view from the balconies of the gulf from each home is breathtaking. The dedicated beach across the street increases the value of this duplex for years to come. Two of the 4 units will be sold furnished, and the other two units are under long term rental contracts. This property is turnkey ready to start making you rental income! Vacation rental projections at 200k and above!
More Information MLS# 752016
Contract Info
Status: Active
List Date: 2024-01-29
List Price: $2,400,000
List Price/SqFt: 550.96
Current Price: $2,400,000
Location
Area: 03 - Bay County - Beach
Street #: 114
Street Name: Malaga 4
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0324 - Beach - West Central
Subdivision: Laguna Beach
Community/Resort: Laguna Beach
Waterfront: No
Parcel ID: 37440-003-000
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From hwy. 79 head west on back beach rd. then turn left on Malaga. The property is one house back from front beach rd on the right.
Legal Description: LAGUNA BEACH 20C3 (1.02) BEG NW COR LOT 1 TH SWLY 79.1' SELY 45' NELY 16.84' SELY 54.99' NELY 60' NWLY 99.94' TO POB ORB 4635 P 2240
General Property Info
Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 4356
SqFt Source: Prop App Site
Bedrooms: 8
Full Baths: 6
Half Baths: 3
Total Baths: 9
# of Stories in Building: 2
# of Units in Bldg: 2
Year Built: 1976
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 79x99
Acreage: 0.18
Lot Size (SqFt): 7821
Listing Info, Tax and Legal
HOA Fee: No
Is Subject Leased: Yes
Rent/Mo: 2000
Lease Expiration Dt: 2024-05-01
New Buyer Fee: No
Last Taxes: 11591
Last Tax Year: 2023
Brokerage Interest: No Interest
Remarks & Misc
Remarks: ''GULF VIEW'' Owner financing with 15% down, 30-year amortization- 5yr Balloon (for those that qualify) Four town homes together with a gulf view that is in a vacation rental approved neighborhood with a DEDICATED BEACH which makes this property a unique opportunity. Two units have been remodeled inside and out. They will also be sold furnished and are currently on Short Term Rentals. The owner has made a lot of improvements on the outside of this property. The view from the balconies of the gulf from each home is breathtaking. The dedicated beach across the street increases the value of this duplex for years to come. Two of the 4 units will be sold furnished, and the other two units are under long term rental contracts. This property is turnkey ready to start making you rental income! Vacation rental projections at 200k and above!
Property Features
Accessibility Features: Accessible Common Area; Accessible Doors; Accessible Electrical and Environmental Controls; Accessible Entrance; Accessible Hallway(s); Accessible Kitchen; Accessible Kitchen Appliances; Central Living Area
Appliances: Cooktop - Electric; Dryer; ENERGY STAR Qualified Appliances; Microwave; Oven - Electric
Assumable Mtg Typ: Conventional; Private/Owner; Qualify Not Required
Bedroom: Second
Construction/Siding: Brick
Cooling: Central Air
Heating: Central
Existing Leases: 0 - 6 Months
Exterior: Balcony; BBQ Pit/Grill; Patio Covered; Porch Covered
Financing: Cash; Conventional; Owner
Furnished: Furnished - All
Interior Features: Floor Tile
Lot Features: Dedicated Beach; Within 1/2 Mile to Water
Lot Access: County Road; Paved Road
Mstr Bdrm/Mstr Bath: MBath Shower/Tub Combo; MBath Tile; MBed Balcony; MBed Waterfront
Balcony: Second
Great Room: First; Second
Parking Features: Assigned
Project Facilities: BBQ Pit/Grill; Beach
Rooms: Balcony; Bedroom; Great Room
Sale Type: Accept Backup Offers; As Is
Utilities: Public Sewer; Public Water
Waterview: Gulf
Present Zoning: Resid Multi-Family
Room Information
Bedroom
Level: Second
Dimensions: 12 x 15
Length: 12.00
Width: 15.00
Dimensions: 12 x 15
Bedroom
Level: Second
Dimensions: 12 x 9
Length: 12.00
Width: 9.00
Dimensions: 12 x 9
Balcony
Level: Second
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Great Room
Level: First
Dimensions: 16 x 33
Length: 16.00
Width: 33.00
Dimensions: 16 x 33
Remarks: Living, Kitchen Dining
Bedroom
Level: Second
Dimensions: 12 x 15
Length: 12.00
Width: 15.00
Dimensions: 12 x 15
Bedroom
Level: Second
Dimensions: 12 x 9
Length: 12.00
Width: 9.00
Dimensions: 12 x 9
Balcony
Level: Second
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Great Room
Level: First
Dimensions: 16 x 33
Length: 16.00
Width: 33.00
Dimensions: 16 x 33
Bedroom
Dimensions: 12 x 15
Length: 12.00
Width: 15.00
Dimensions: 12 x 15
Bedroom
Dimensions: 12 x 9
Length: 12.00
Width: 9.00
Dimensions: 12 x 9
Balcony
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Great Room
Dimensions: 16 x 33
Length: 16.00
Width: 33.00
Dimensions: 16 x 33
Bedroom
Level: Second
Dimensions: 12 x 15
Length: 12.00
Width: 15.00
Dimensions: 12 x 15
Bedroom
Level: Second
Dimensions: 12 x 9
Length: 12.00
Width: 9.00
Dimensions: 12 x 9
Balcony
Level: Second
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Great Room
Level: Second
Dimensions: 16 x 33
Length: 16.00
Width: 33.00
Dimensions: 16 x 33
Listing Office: Beach Time Realty, Inc
Last Updated: March - 26 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.