359 Mercedes Avenue, A & B, Panama City, FL 32401
$425,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
2,146
Lot Size (sq. ft.):
7,492
Status:
Active
Current Price:
$425,000
List Date:
4/30/2024
Last Modified:
5/19/2024
Description
Discover the perfect investment opportunity located in The Cove at 359 Mercedes Ave, Panama City, FL 32401. This multi-family gem features a total of 4 bedrooms and 4 bathrooms spread across 2,146 square feet of living space. This home is perfect for the savvy investor to live on one side and rent the other side.
The main house offers 3 bedrooms and 3 bathrooms, showcasing stunning water views of Watson Bayou for a serene coastal ambiance. Adjacent to the main residence is an attached apartment or Mother-in-Law suite, complete with 1 bedroom, 1 bathroom, a kitchen, laundry facilities, a closet, and separate access, along with its own parking and yard space.
Located in a highly desirable area, this property boasts proximity to key amenities, including Ascension Sacred Heart Hospital just 2 minutes away, Downtown Panama City a mere 5-minute drive, and the shopping districts of Panama City reachable in less than 10 minutes. Plus, Panama City Beach is a quick 20-minute drive for endless beachside enjoyment.
Don't miss out on this exceptional opportunity to invest in a prime location with endless potential. Seize the moment and schedule your viewing today before it's gone!
More Information MLS# 756377
Contract Info
Status: Active
List Date: 2024-04-30
List Price: $425,000
List Price/SqFt: 198.04
Current Price: $425,000
Location
Area: 02 - Bay County - Central
Street #: 359
Street Name: Mercedes
Street Suffix: Avenue
Unit #: A & B
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: Sudduths 4th Add
Community/Resort: Bunkers Cove
Waterfront: No
Parcel ID: 21230-040-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: from US HWY 98 turn Right on E Fourth Street and drive 100 yards. Turn Left onto Mercedes Ave and drive 1/8 of a mile. The Listing will be on the right
Legal Description: SUDDUTH'S 4TH ADD LOT 26 BLK 60 ORB 4233 P 126
General Property Info
Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 2146
SqFt Source: Prop App Site
Bedrooms: 4
Full Baths: 4
Total Baths: 4
Floor Number: 1
Year Built: 1990
Construction Status: Construction Complete
Garage Y/N: No
Covered Spaces: 1
Driveway Spaces: 5
Lot Dimensions: 50x150
Acreage: 0.17
Lot Size (SqFt): 7492
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 3411
Last Tax Year: 2023
Brokerage Interest: No Interest
Lot: 26
Block: 60
Section: 9
Township: 4S
Range: 14W
Remarks & Misc
Remarks: Discover the perfect investment opportunity located in The Cove at 359 Mercedes Ave, Panama City, FL 32401. This multi-family gem features a total of 4 bedrooms and 4 bathrooms spread across 2,146 square feet of living space. This home is perfect for the savvy investor to live on one side and rent the other side.
The main house offers 3 bedrooms and 3 bathrooms, showcasing stunning water views of Watson Bayou for a serene coastal ambiance. Adjacent to the main residence is an attached apartment or Mother-in-Law suite, complete with 1 bedroom, 1 bathroom, a kitchen, laundry facilities, a closet, and separate access, along with its own parking and yard space.
Located in a highly desirable area, this property boasts proximity to key amenities, including Ascension Sacred Heart Hospital just 2 minutes away, Downtown Panama City a mere 5-minute drive, and the shopping districts of Panama City reachable in less than 10 minutes. Plus, Panama City Beach is a quick 20-minute drive for endless beachside enjoyment.
Don't miss out on this exceptional opportunity to invest in a prime location with endless potential. Seize the moment and schedule your viewing today before it's gone!
Property Features
Accessibility Features: Accessible Full Bath
Appliances: Cooktop - Electric; Dishwasher; Dryer; Microwave; Oven - Electric; Range - Electric; Refrigerator; Washer; Washer/Dryer Stacked; Water Heater - Electric
Master Bedroom: First
Bedroom: First
Construction/Siding: Roof - Composite Shngl; Siding - Stucco
Cooling: Central Air; Electric; Multi Units
Heating: Central; Electric; Fireplace - Wood Burning
Exterior: Fenced Lot-Part; Fenced Privacy; Hurricane Shutters
Financing: Cash; Conventional; FHA; VA
Furnished: Unfurnished
Interior Features: Ceiling Raised; Ceiling Tray/Cofferd; Fireplace
Kitchen: First
Lot Features: Within 1/2 Mile to Water
Lot Access: City Street; Paved Road
Great Room: First
Security Features: Smoke Detector(s)
Separate Apartment: First
Parking Features: Additional Parking; Alley Access; Covered; Driveway; Electric Vehicle Charging Station(s)
Other Structures: Shed(s)
Rooms: Bedroom; Great Room; Kitchen; Master Bedroom; Separate Apartment
Utilities: TV Cable; Electricity Connected; Internet - Broadband Available; Sewer Connected; Water Connected
Waterview: Bayou
Present Zoning: Resid Multi-Family
Room Information
Kitchen
Level: First
Dimensions: 20 x 10
Length: 20.00
Width: 10.00
Dimensions: 20 x 10
Great Room
Level: First
Dimensions: 20 x 14
Length: 20.00
Width: 14.00
Dimensions: 20 x 14
Master Bedroom
Level: First
Dimensions: 14 x 12
Length: 14.00
Width: 12.00
Dimensions: 14 x 12
Bedroom
Level: First
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Bedroom
Level: First
Dimensions: 14 x 10
Length: 14.00
Width: 10.00
Dimensions: 14 x 10
Separate Apartment
Level: First
Dimensions: 36 x 18
Length: 36.00
Width: 18.00
Dimensions: 36 x 18
Listing Office: Century 21 BE3
Last Updated: May - 19 - 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.