5500,04,06 Pinetree Avenue, Panama City Beach, FL 32408 (MLS# 752895)

5500,04,06 Pinetree Avenue, Panama City Beach, FL 32408

$1,475,000

Property Type: Residential Bedrooms: 12 Baths: 12 Square Footage: 8,160 Lot Size (sq. ft.): 17,860 Status: Sold

Current Price: $1,475,000 List Date: 3/26/2024 Last Modified: 9/26/2024

Overview

Description

Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen. All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019. Owner will consider owner financing, call for more details.

Listing Details MLS# 752895

Contract Info

List Price/SqFt: 196.08

Location

Area: 03 – Bay County – Beach
Street #: 5500,04,06
Street Name: Pinetree
Street Suffix: Avenue
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Biltmore Beach
Community/Resort: None
Waterfront: No
Parcel ID: 31808-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: East on Thomas Dr. to left on Biltmore to right on Pinetree Ave., Quads on your left
Legal Description: BILTMORE BEACH LOT 9 BLK G ORB 3491 P 1196 MAP 70B2

General Property Info

Sub-Type: Quadplex Multi-Units
Design: N/A
Apx SqFt(Htd/Cooled): 8160
SqFt Source: Prop App Site
Full Baths: 12
Total Baths: 12
# of Stories in Building: 2
# of Units in Bldg: 12
Year Built: 1981
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 150×120
Acreage: 0.41
Lot Size (SqFt): 17860

Status Change Info

Under Contract Date: 2024-08-01
Sold Date: 2024-08-14
Sold Price/SqFt: 180.76
Sold Price/Acre: 3597560.98

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 2397
Last Tax Year: 2023
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen. All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019. Owner will consider owner financing, call for more details.

More Information

Master Bathroom

First: Yes

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Oven – Electric: Yes
Refrigerator: Yes
Water Heater – Electric: Yes

Interior Features

Floor – Vinyl Plank: Yes

Construction/Siding

Roof – Composite Shngl: Yes

Exterior

Fenced Back Yard: Yes
Porch Open: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Near Beach Access: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes

Parking Features

Driveway: Yes
Paved: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Kitchen: Yes
Living Room: Yes
Master Bathroom: Yes
Master Bedroom: Yes

Utilities

All Utilities: Yes
Electricity – Connected: Yes
Water Connected: Yes
Septic Tank: Yes

Sale Type

As Is: Yes

Master Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Oven – Electric; Refrigerator; Water Heater – Electric Master Bedroom: First Cooling: Ceiling Fan(s); Electric Heating: Central; Electric Exterior: Fenced Back Yard; Porch Open Financing: Cash; Conventional; Seller Financing Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Near Beach Access; Within 1/2 Mile to Water Lot Access: City Street Master Bathroom: First Parking Features: Driveway; Paved Rooms: Kitchen; Living Room; Master Bathroom; Master Bedroom Sale Type: As Is Utilities: All Utilities; Electricity – Connected; Septic Tank; Water Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	15 x 10	15.00	10.00
Kitchen	First	12 x 10	12.00	10.00
Master Bedroom	First	12 x 10	12.00	10.00
Master Bathroom	First	8 x 8	8.00	8.00
Living Room	First	15 x 10	15.00	10.00
Kitchen	First	12 x 10	12.00	10.00
Master Bedroom	First	12 x 10	12.00	10.00
Master Bathroom	First	8 x 8	8.00	8.00
Living Room	First	15 x 10	15.00	10.00
Kitchen	First	12 x 10	12.00	10.00
Master Bedroom	First	12 x 10	12.00	10.00
Master Bedroom	First	8 x 8	8.00	8.00

Listing Office: ERA Neubauer Real Estate, Inc

Last Updated: September – 26 – 2024

Information deemed reliable but not guaranteed.