5519_5521 Beach Drive Panama City, Florida
Listed By CENTURY 21 Ryan Realty
The Apartment for Sale located at Panama City, Florida is currently for sale. Panama City, Florida is listed for $485,000. This property has 4 bedrooms, 4 bathrooms features. If the property located at Panama City, Florida isn't what you're looking for, visit https://www.century21global.com to see other Apartments for Sale in Panama City .
Date Updated : Jan 24, 2025
MLS#: 767454
$485,000 USD
- TypeApartment
- Bedrooms4
- Bathrooms4
- Home/Lot size149m² (1,605ft²)
Property features
Construction details
- Year built: 2003
- Roofing: composition/shingle
Other features
- Appliances: Oven / Range Washer Refrigerator Dryer Dishwasher
Area
- Property size: 149m² (1,605ft²)
- Bedrooms: 4
- Bathrooms: 4
- Total rooms: 8
Description
If you have been looking to own and profit on Panama City Beach, this may be the perfect income-producing property for you. Just one block from the beach, this reasonably priced duplex has no HOAs and offers a fantastic location where you and your guests can enjoy many amenities year after year. Currently rented to long-term tenants, grossing $33,000, the short-term rental potential would be much higher, leaving plenty of room to call this a solid investment. You may be ready to live beach side on a budget and enjoy living in one unit and renting out the other. You and your guest will enjoy high ceilings with lots of natural light, a split bedroom floor plan, a full laundry room, and open concept living and kitchen area along with an open patio and a sizable fenced-in backyard for both units, so take a short walk to the beach, garden in your backyard or stay in and relax in either of these efficient two bedroom two bathroom units. This low-maintenance property is a fantastic way to break into beach life. The roof was replaced in January 2019, the Water Heater in December 2024, and the Washer/Dryer in December 2018 in unit 5519. In unit 5521, the A/C was replaced in July 2017, the Washer/Dryer in June 2021, and the Water Heater in December 2024. Last but not least, the property is hooked up to public water and sewer.