602 Fernwood Street, Panama City Beach, FL 32407 (MLS# 710675)

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: $685,000 List Date: 4/23/2021 Last Modified: 9/23/2024

Overview

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.

Listing Details MLS# 710675

Contract Info

List Price/SqFt: 215.87

Location

Area: 03 – Bay County – Beach
Street #: 602
Street Name: Fernwood
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Daugette Add-Bahm Bch
Community/Resort: None
Waterfront: No
Parcel ID: 34270-000-000
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
Legal Description: DAUGETTE ADDITION LOT 18 BLK B ORB 1779 P 1778

General Property Info

Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 4146
SqFt Source: Prop App Site
Full Baths: 8
Total Baths: 8
# of Stories in Building: 2
# of Units in Bldg: 4
Year Built: 1999
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 60×108

Status Change Info

Under Contract Date: 2021-05-28
Sold Date: 2021-08-12
Sold Price/SqFt: 165.22

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

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.

More Information

Appliances

Dishwasher: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes

Interior Features

Floor – Tile: Yes

Construction/Siding

Brick: Yes

Exterior

Balcony: Yes
Patio Covered: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes
Second: Yes

Living Room

First: Yes
Second: Yes

Lot Features

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

Lot Access

Paved Road: Yes

Parking Features

Parking Lot: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

Beach: Yes
Picnic Area: Yes
Playground: Yes
Other – See Remarks: Yes

Rooms

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

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Garbage: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Master Bedroom

First: Yes
Second: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Heat Pump: Yes
Multi Units: Yes

Floors in Unit/Home

Two: Yes

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

Room Name	Level	Dimensions	Length	Width
Living Room	First	14 x 13	14.00	13.00
Living Room	Second	14 x 13	14.00	13.00
Kitchen	First	7 x 8	7.00	8.00
Kitchen	Second	7 x 8	7.00	8.00
Master Bedroom	First	14 x 11	14.00	11.00
Master Bedroom	Second	14 x 11	14.00	11.00
Bedroom	First	14 x 11	14.00	11.00
Bedroom	Second	14 x 11	14.00	11.00

Listing Office: Scott Ingraham Real Estate

Last Updated: September – 23 – 2024

Information deemed reliable but not guaranteed.