124 E 2nd Place, Panama City, FL 32401

Property Description

Charming & Renovated Duplex in Historic Cove - Investment Opportunity! Welcome to 124-126 E 2nd Place, Panama City, a beautifully updated duplex in the heart of the historic Cove neighborhood. Just moments from St. Andrews Bay and downtown Panama City, this property offers a blend of historic charm and modern convenience, making it perfect for investors or those seeking a home with rental income potential. Each unit features an identical floor plan, offering a functional and spacious layout. From the upstairs unit's porch, you can enjoy views of the water, creating a peaceful retreat right at home. The recently completed Beach Drive, just a short walk away, provides the perfect setting for biking, jogging, or leisurely strolls along the bay. With downtown Panama City only minutes away, you can easily explore local shops, restaurants, and entertainment—all within a 10 minute walk, or biking distance. In 2023, major updates were completed, including new drywall, insulation, electrical, and plumbing. Updates have enhanced both the interior and exterior, with fresh paint, upgraded flooring, updated kitchens and bathrooms, and carefully restored details that highlight the home's character. The property also features thoughtfully designed outdoor spaces, added parking, and stylish finishes throughout. Currently furnished as a vacation rental, this duplex is move-in ready and offers a turnkey investment opportunity. Whether you're looking to generate passive income, or own a piece of Panama City history, this versatile property is a rare find in a prime location. Reach out today to learn more!