1. Florida
2. Panama City
3. 5519_5521 Beach Drive

5519_5521 Beach Drive, Panama City, FL 32408

• 4 beds |
• 4 baths |
• 1,605 sqft

Property 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.

Listing Status:

Active

Date Added:

January 13, 2025 at 06:00AM

Listing Office:

CENTURY 21 Ryan Realty Inc : (850) 233-7926

MLS ID:

767454

Interior

• Appliances: DryerDishwasherElectric CooktopElectric OvenElectric RangeElectric Water HeaterRefrigeratorWasher
• A/C: Electric
• Heating: Electric

Exterior

Construction

Location

Lot

Financial

This listing courtesy of CENTURY 21 Ryan Realty Inc