5519 Palm Way, Panama City Beach, FL 32408

$405,000
2
BD
2
BA

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Sold Price
$405,000
List Price
$400,000
Closing Date
Apr 30, 2024
MLS#
755409
Bedrooms
2
Bathrooms
2
Full-baths
2
Acres
0.13
Lot Size
5,489
Subdivision
Biltmore Beach 1st Add
Year Built
1983

Property Description

Discover the perfect investment opportunity with this charming duplex, boasting a desirable location that's just a leisurely stroll from the soft sandy shores. With one bedroom and one bathroom on each side, this property can be used in many ways: long term tenants, short term rentals, house hacking, or use one as a 2nd home while the other unit helps pay for the expenses. Unit A is was updated in 2018 and is currently rented month-to-month for $1400. The unit features LVP flooring, stainless steel appliances, and comes with the washer and dryer. Unit B just finished a remodel and features LVP flooring, new cabinets, quartz countertops, new appliances and custom trim throughout. Whether you're looking to grow your rental portfolio or secure a flexible coastal property that caters to multiple rental strategies, this duplex holds the key to an enviable lifestyle investment.

Additional Information

Exterior Features
Patio
Lot Dimensions
50 x 110
Appliances
Electric Oven, Electric Range, Electric Water Heater
Elementary School
Patronis
Middle School
Surfside
High School
Arnold

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of REMAX By The Sea. Selling Office: Corcoran Reverie.