2823 Susan Avenue, Panama City Beach, FL 32408

Property Description

Score instant equity in this new construction deal $70k under appraisal that makes for a perfect house hack, STR or LTR with numbers that pencil for multiple exit strategies! Buy one or both duplexes side by side on this newly developed dead end street. Thoughtful multi use ability with an interior door allowing access to both units to be rented separately as 3/2 or combined as 6/4 for THREE listings on AirBnb in each duplex, you can sleep up to TWENTY in each of these gorgeous homes! The LOCATION is street legal golf cart distance to the beach! NO HOA!! These properties feature peak-a-boo water views of the bay across the street in an up and coming neighborhood with new development all around. They border the high end residential community of The Preserve just past Bay Point Golf Course, and only minutes to white sandy beaches, marinas and popular restaurants like Captain Anderson's. A short drive to the new ball field and skate park, this location will be perfect for hosting large ball teams and multi-family functions. PCB has VERY limited inventory on properties this size and at this entry price you'll beat out all the competition with very low maintenance cost for years to come! An AirBnb superhost herself & experienced local builder, no guest comfort was overlooked in this thoughtful design with features like: Ample parking and turn ratios for RV's and all the water sports toys High end, modern construction with XL trim, black fixtures, and popular color schemes Probolt hurricane protection & foam insulation on roof deck Extra insulation within firewall interior walls for added sound deflection Impact windows, high ceilings, & XL closets for luggage High end kitchen appliances, center island and open concept floor plan perfect for entertaining large groups Builder will work with savvy investor to completion for highest and best use in JV partnership if only purchasing one property OR to complete as requested for new buyer by adding: Florida Outdoor Lifestyle area with 12x24 ft. pool, hardscaping, pickleball / tennis court, 1 BR/ 1 BA game room & outdoor kitchen in a pole barn structure for 4 more occupants, & RV pad. If you purchase both side-by-side properties you can comfortably host FORTY-EIGHT people + two RV's with over $280k projected gross annually for two side-by-side properties! Additional details: Current Insurance cost - $3k / annually Estimated Taxes - $4500 / annually Flood Zone X (no flood insurance required) City Sewer Huge Lots over ¼ acre Water is metered together for both sides of the duplex Electric is metered separately for each side of the duplexes Termite Bond Estimates for highest & best use upgrades as STR available upon request. Irrigation and sprinkler system is in place - only a well needs to be added @ $3675 w/ electric