617 Gardenia Street, Panama City Beach, FL 32407 (MLS# 705797)

617 Gardenia Street, Panama City Beach, FL 32407

$850,000

Property Type: Residential Bedrooms: 10 Baths: 10 Square Footage: 4,050 Status: Sold

Current Price: $850,000 List Date: 4/22/2021 Last Modified: 9/22/2024

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Apartment complex with 5 one bedrooms and 5 efficiencies and zoning allows for short term rentals! Sellers say the annual gross income is approx $102,300, utilities/ maintenance run approx $8310.72 and $1770, and insurance is approx $2000. The property is only two blocks from the beach and Gulf of Mexico and because of the CH (commercial high-intensity) zoning, there is great income potential! Seller rents the 1 bedrooms for around $1000 a month and the efficiencies for $900-950, but you could more if you rent short-term! All info is approx and must be verified by Buyers if important.

Listing Details MLS# 705797

Contract Info

List Price/SqFt: 245.68

Location

Area: 03 – Bay County – Beach
Street #: 617
Street Name: Gardenia
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Subdivision: Learys 2nd Add
Community/Resort: None
Waterfront: No
Parcel ID: 34470-010-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From R. Jackson Blvd, travel west on Middle Beach Rd, left on Gardenia St, properties will be on left.
Legal Description: LEARY'S 2ND ADD 38A3 LOTS 9 & 10 ORB 1773 P 1379

General Property Info

Sub-Type: Multi Family
Design: N/A
Apx SqFt(Htd/Cooled): 4050
SqFt Source: Prop App Site
Full Baths: 10
Total Baths: 10
Year Built: 2000
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 120×103

Status Change Info

Under Contract Date: 2021-05-28
Sold Date: 2021-08-12
Sold Price/SqFt: 209.88

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 3718
Last Tax Year: 2019
Brokerage Interest: No Interest
As Is: No

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Apartment complex with 5 one bedrooms and 5 efficiencies and zoning allows for short term rentals! Sellers say the annual gross income is approx $102,300, utilities/ maintenance run approx $8310.72 and $1770, and insurance is approx $2000. The property is only two blocks from the beach and Gulf of Mexico and because of the CH (commercial high-intensity) zoning, there is great income potential! Seller rents the 1 bedrooms for around $1000 a month and the efficiencies for $900-950, but you could more if you rent short-term! All info is approx and must be verified by Buyers if important.

More Information

Other

First: Yes

Appliances

Built-In Electric Oven: Yes
Built-In Electric Range: Yes
Dishwasher: Yes
Water Heater – Electric: Yes

Interior Features

Washer/Dryer Hookup: Yes
Breakfast Bar: Yes
Floor – Tile: Yes
Pantry: Yes

Construction/Siding

Block: Yes
Brick Veneer: Yes
Concrete: Yes
Roof – Composite Shngl: Yes

Energy

Water Heater – Two+: Yes

Existing Leases

1 or More Years: Yes

Exterior

Balcony: Yes
Fenced Lot-Part: Yes

Other Structures

Storage: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Living Room

First: Yes

Lot Features

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

Lot Access

Paved Road: Yes

Parking Features

Parking Lot: Yes

Present Zoning

Commercial: Yes
Resid Multi-Family: Yes
Other – See Remarks: Yes

Association Amenities

Beach: Yes
Other – See Remarks: Yes

Rooms

Bedroom: Yes
Living Room: Yes
Other: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes
Multi Units: Yes
Window Unit(s): Yes

Floors in Unit/Home

Two: Yes

Property Features

Appliances: Built-In Electric Oven; Built-In Electric Range; Dishwasher; Water Heater – Electric Bedroom: First Energy: Water Heater – Two+ Cooling: Central Air; Electric; Heat Pump; Multi Units; Window Unit(s) Existing Leases: 1 or More Years Exterior: Balcony; Fenced Lot-Part Financing: Cash; Conventional Furnished: Unfurnished Living Room: First Lot Features: Cleared; Near Beach Access; Within 1/2 Mile to Water Lot Access: Paved Road Other: First Parking Features: Parking Lot Other Structures: Storage Association Amenities: Beach; Other – See Remarks Rooms: Bedroom; Living Room; Other Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected Waterview: Gulf Present Zoning: Commercial; Resid Multi-Family; Other – See Remarks

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	12 x 12	12.00	12.00
Bedroom	First	16 x 16	16.00	16.00
Bedroom	First	16 x 16	16.00	16.00
Bedroom	First	16 x 16	16.00	16.00
Other	First	16 x 18	16.00	18.00
Other	First	16 x 18	16.00	18.00
Other	First	16 x 18	16.00	18.00
Other	First	13 x 17	13.00	17.00
Other	First	17 x 13	17.00	13.00
Bedroom	First	16 x 12	16.00	12.00

Listing Office: Scott Ingraham Real Estate

Last Updated: September – 22 – 2024

Information deemed reliable but not guaranteed.