602 Fernwood Street, Panama City Beach, FL 32407
$685,000
Property Type:
Residential
Bedrooms:
8
Baths:
8
Square Footage:
4,146
Status:
Sold
Current Price:
$895,000
List Date:
4/23/2021
Last Modified:
9/23/2024
Description
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Short-term rentals allowed for this Multi- Family property! Less than 2 blocks from Bahama Beach, this building has four units, each with 2BR/2BA, the upstairs units have balconies and the downstairs units have patios. The seller says currently nets $91,000 a year could be 40-50% more if you do short-term. The seller pays sewer, water and trash while the tenants pay electric and cable. Not only is this property close to the Gulf of Mexico, it’s also walking distance to several restaurants, a park, a school and more! Fantastic investment opportunity! All info is approx and must be verified by Buyers if important.
More Information MLS# 710675
Listing Info, Tax and Legal
Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2918
Last Tax Year: 2020
Brokerage Interest: No Interest
As Is: No
Contract Info
List Price/SqFt: 215.87
Status: Sold
List Date: 2021-04-23
List Price: $895,000
Current Price: $685,000
Location
Sub Area: 0320 – Beach – Middle Central
Community/Resort: None
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Travel west on Hutchinson Blvd (aka Middle Beach Rd), once you pass Beach Elementary School, look for Fernwood St and turn left, property will be on the right
Area: 03 – Bay County – Beach
Street #: 602
Street Name: Fernwood
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Subdivision: Daugette Add-Bahm Bch
Parcel ID: 34270-000-000
Legal Description: DAUGETTE ADDITION LOT 18 BLK B ORB 1779 P 1778
General Property Info
Design: N/A
Apx SqFt(Htd/Cooled): 4146
Construction Status: Construction Complete
SqFt Source: Prop App Site
# of Stories in Building: 2
# of Units in Bldg: 4
Lot Dimensions: 60×108
Garage Y/N: No
Sub-Type: Multi Family
Bedrooms: 8
Full Baths: 8
Total Baths: 8
Year Built: 1999
Remarks & Misc
Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Short-term rentals allowed for this Multi- Family property! Less than 2 blocks from Bahama Beach, this building has four units, each with 2BR/2BA, the upstairs units have balconies and the downstairs units have patios. The seller says currently nets $91,000 a year could be 40-50% more if you do short-term. The seller pays sewer, water and trash while the tenants pay electric and cable. Not only is this property close to the Gulf of Mexico, it’s also walking distance to several restaurants, a park, a school and more! Fantastic investment opportunity! All info is approx and must be verified by Buyers if important.
Status Change Info
Sold Price/SqFt: 165.22
Under Contract Date: 2021-05-28
Sold Date: 2021-08-12
Sold Price: $685,000
Appliances
Dishwasher: 1
Microwave: 1
Oven – Electric: 1
Range – Electric: 1
Refrigerator: 1
Self Cleaning Oven: 1
Interior Features
Floor – Tile: 1
Construction/Siding
Brick: 1
Exterior
Balcony: 1
Patio Covered: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Second: 1
Living Room
First: 1
Second: 1
Lot Features
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Parking Features
Parking Lot: 1
Present Zoning
Resid Multi-Family: 1
Association Amenities
Beach: 1
Picnic Area: 1
Playground: 1
Other – See Remarks: 1
Rooms
Bedroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Utilities
TV Cable: 1
Electricity – Connected: 1
Garbage: 1
Public Sewer – Connected: 1
Water Connected: 1
Master Bedroom
First: 1
Second: 1
Bedroom
First: 1
Second: 1
Cooling
Heat Pump: 1
Multi Units: 1
Floors in Unit/Home
Two: 1
Property Features
Appliances: Dishwasher; Microwave; Oven – Electric; Range – Electric; Refrigerator; Self Cleaning Oven
Master Bedroom: First; Second
Bedroom: First; Second
Cooling: Heat Pump; Multi Units
Exterior: Balcony; Patio Covered
Financing: Cash; Conventional; FHA; VA
Furnished: Unfurnished
Kitchen: First; Second
Living Room: First; Second
Lot Features: Near Beach Access; Within 1/2 Mile to Water
Lot Access: Paved Road
Parking Features: Parking Lot
Association Amenities: Beach; Picnic Area; Playground; Other – See Remarks
Rooms: Bedroom; Kitchen; Living Room; Master Bedroom
Utilities: TV Cable; Electricity – Connected; Garbage; Public Sewer – Connected; Water Connected
Present Zoning: Resid Multi-Family
Room Information
Living Room
Level: First
Dimensions: 14 x 13
Length: 14.00
Width: 13.00
Dimensions: 14 x 13
Living Room
Level: Second
Dimensions: 14 x 13
Length: 14.00
Width: 13.00
Dimensions: 14 x 13
Kitchen
Level: First
Dimensions: 7 x 8
Length: 7.00
Width: 8.00
Dimensions: 7 x 8
Kitchen
Level: Second
Dimensions: 7 x 8
Length: 7.00
Width: 8.00
Dimensions: 7 x 8
Master Bedroom
Level: First
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Master Bedroom
Level: Second
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Bedroom
Level: First
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Bedroom
Level: Second
Dimensions: 14 x 11
Length: 14.00
Width: 11.00
Dimensions: 14 x 11
Listing Office:
Scott Ingraham Real Estate
Last Updated: September – 23 – 2024
Information deemed reliable but not guaranteed.