5500,04,06 Pinetree Avenue, Panama City Beach, FL 32408
$1,800,000
Property Type:
Residential
Bedrooms:
12
Baths:
12
Square Footage:
8,160
Lot Size (sq. ft.):
17,860
Status:
Active
Current Price:
$1,800,000
List Date:
3/26/2024
Last Modified:
4/03/2024
Description
Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen.
All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019.
Owner will consider owner financing, call for more details.
More Information MLS# 752895
Contract Info
Status: Active
List Date: 2024-02-16
List Price: $1,800,000
List Price/SqFt: 220.59
Current Price: $1,800,000
Location
Area: 03 - Bay County - Beach
Street #: 5500,04,06
Street Name: Pinetree
Street Suffix: Avenue
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Biltmore Beach
Community/Resort: None
Waterfront: No
Parcel ID: 31808-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: East on Thomas Dr. to left on Biltmore to right on Pinetree Ave., Quads on your left
Legal Description: BILTMORE BEACH LOT 9 BLK G ORB 3491 P 1196 MAP 70B2
General Property Info
Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 8160
SqFt Source: Prop App Site
Bedrooms: 12
Full Baths: 12
Total Baths: 12
# of Stories in Building: 2
# of Units in Bldg: 12
Year Built: 1981
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 150x120
Acreage: 0.41
Lot Size (SqFt): 17860
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2397
Last Tax Year: 2023
Brokerage Interest: No Interest
Remarks & Misc
Remarks: Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen.
All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019.
Owner will consider owner financing, call for more details.
Property Features
Appliances: Cooktop - Electric; Dishwasher; Oven - Electric; Refrigerator; Water Heater - Electric
Master Bedroom: First
Construction/Siding: Roof - Composite Shngl
Cooling: Ceiling Fan(s); Electric
Heating: Central; Electric
Exterior: Fenced Back Yard; Porch Open
Financing: Cash; Conventional; Owner
Furnished: Furnished - None
Interior Features: Floor Vinyl Plank
Kitchen: First
Living Room: First
Lot Features: Near Beach Access; Within 1/2 Mile to Water
Lot Access: City Road
Master Bathroom: First
Parking Features: Driveway; Paved
Rooms: Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Utilities: All Utilities; Electric; Public Water; Septic Tank
Present Zoning: Resid Multi-Family
Room Information
Living Room
Level: First
Dimensions: 15 x 10
Length: 15.00
Width: 10.00
Dimensions: 15 x 10
Kitchen
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bedroom
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bathroom
Level: First
Dimensions: 8 x 8
Length: 8.00
Width: 8.00
Dimensions: 8 x 8
Living Room
Level: First
Dimensions: 15 x 10
Length: 15.00
Width: 10.00
Dimensions: 15 x 10
Kitchen
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bedroom
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bathroom
Level: First
Dimensions: 8 x 8
Length: 8.00
Width: 8.00
Dimensions: 8 x 8
Living Room
Level: First
Dimensions: 15 x 10
Length: 15.00
Width: 10.00
Dimensions: 15 x 10
Kitchen
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bedroom
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Master Bedroom
Level: First
Dimensions: 8 x 8
Length: 8.00
Width: 8.00
Dimensions: 8 x 8
Listing Office: ERA Neubauer Real Estate, Inc
Last Updated: April - 03 - 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.