1320 E 5th Street Unit 103, Panama City, FL 32401

$223,000
2
BD
2
BA

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Sold Price
$223,000
List Price
$248,900
Closing Date
Sep 15, 2025
MLS#
775714
Bedrooms
2
Bathrooms
2
Full-baths
2
Subdivision
Bayou Pointe Villas
Year Built
1985

Property Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming Turnkey Rental Investment with Boat Slip in Beautiful Panama City, Florida! Welcome to your next investment! This delightful turnkey rental Condo is the perfect opportunity for anyone looking to step into the thriving Panama City rental market without the hassle. What You'll Love About This Property: - Fantastic Location: Situated right on Watson Bayou just a mile away from Downtown Panama City with amazing dining spots, and fun local attractions, this unit is perfectly positioned to attract both vacationers and long-term tenants. Perfect for avid fishermen, keep your boat at the deeded boat slip and just a 10 minute ride to the Saint Andrews Pass! - Move-In Ready: Fully furnished with stylish decor and comfortable furnishings, this charming unit is ready to welcome guests right away. Simply move in or list it for rentals immediately! - Spacious Comfort: With 844 sq ft of inviting living space, this unit features 2 cozy bedrooms and 2 bathrooms, plus an open-concept layout that's perfect for relaxing or entertaining. - Modern Amenities: Enjoy a well-equipped kitchen with sleek stainless steel appliances, generous countertops, and ample storage options. Plus, you'll find convenient in-unit laundry facilities and air conditioning for year-round comfort. HOA covers Internet, boat slip (with Electric & water), trash, & pest control! Only pay your electric! - Bonus Feature - Deeded Boat Slip: This property even includes a deeded boat slip! Perfect for those who love spending time on the water, it offers easy GULF access to boating and fishing right from your doorstep. - Rental History: With AirbNb rental history and a high demand for properties in this area, you can feel confident in your investment's potential for cash flow and appreciation. - Low Maintenance: Well-maintained and managed, this property is not only charming but also easy to care for, making it an ideal rental investment. Don't miss this friendly and fabulous turnkey rental opportunity in lovely Panama City! Contact us today to schedule your showing and start your journey to owning this amazing property! Any Assessment paid in full at closing!

Additional Information

Waterfront
Yes
Waterview
Bayou
Exterior Features
Boat Slip, Dock
Appliances
Washer/Dryer Stacked, Electric Range, Electric Water Heater
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Foundation Real Estate Agency LLC. Selling Office: Foundation Real Estate Agency LLC.