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:
$995,000
List Date:
4/22/2021
Last Modified:
9/22/2024
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.
More Information MLS# 705797
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
Contract Info
List Price/SqFt: 245.68
Status: Sold
List Date: 2020-12-18
List Price: $995,000
Current Price: $850,000
Location
Sub Area: 0320 – Beach – Middle Central
Community/Resort: None
Waterfront: No
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.
Area: 03 – Bay County – Beach
Street #: 617
Street Name: Gardenia
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Subdivision: Learys 2nd Add
Parcel ID: 34470-010-000
Legal Description: LEARY’S 2ND ADD 38A3 LOTS 9 & 10 ORB 1773 P 1379
General Property Info
Design: N/A
Apx SqFt(Htd/Cooled): 4050
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 120×103
Garage Y/N: No
Sub-Type: Multi Family
Bedrooms: 10
Full Baths: 10
Total Baths: 10
Year Built: 2000
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.
Status Change Info
Sold Price/SqFt: 209.88
Under Contract Date: 2021-05-28
Sold Date: 2021-08-12
Sold Price: $850,000
Other
First: 1
Appliances
Built-In Electric Oven: 1
Built-In Electric Range: 1
Dishwasher: 1
Water Heater – Electric: 1
Interior Features
Washer/Dryer Hookup: 1
Breakfast Bar: 1
Floor – Tile: 1
Pantry: 1
Construction/Siding
Block: 1
Brick Veneer: 1
Concrete: 1
Roof – Composite Shngl: 1
Energy
Water Heater – Two+: 1
Existing Leases
1 or More Years: 1
Exterior
Balcony: 1
Fenced Lot-Part: 1
Other Structures
Storage: 1
Financing
Cash: 1
Conventional: 1
Furnished
Unfurnished: 1
Living Room
First: 1
Lot Features
Cleared: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Parking Features
Parking Lot: 1
Present Zoning
Commercial: 1
Resid Multi-Family: 1
Other – See Remarks: 1
Association Amenities
Beach: 1
Other – See Remarks: 1
Rooms
Bedroom: 1
Living Room: 1
Other: 1
Utilities
Electricity – Connected: 1
Public Sewer – Connected: 1
Water Connected: 1
Waterview
Gulf: 1
Bedroom
First: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Multi Units: 1
Window Unit(s): 1
Floors in Unit/Home
Two: 1
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
Living Room
Level: First
Dimensions: 12 x 12
Length: 12.00
Width: 12.00
Dimensions: 12 x 12
Bedroom
Level: First
Dimensions: 16 x 16
Length: 16.00
Width: 16.00
Dimensions: 16 x 16
Bedroom
Level: First
Dimensions: 16 x 16
Length: 16.00
Width: 16.00
Dimensions: 16 x 16
Bedroom
Level: First
Dimensions: 16 x 16
Length: 16.00
Width: 16.00
Dimensions: 16 x 16
Other
Level: First
Dimensions: 16 x 18
Length: 16.00
Width: 18.00
Dimensions: 16 x 18
Other
Level: First
Dimensions: 16 x 18
Length: 16.00
Width: 18.00
Dimensions: 16 x 18
Other
Level: First
Dimensions: 16 x 18
Length: 16.00
Width: 18.00
Dimensions: 16 x 18
Other
Level: First
Dimensions: 13 x 17
Length: 13.00
Width: 17.00
Dimensions: 13 x 17
Other
Level: First
Dimensions: 17 x 13
Length: 17.00
Width: 13.00
Dimensions: 17 x 13
Bedroom
Level: First
Dimensions: 16 x 12
Length: 16.00
Width: 12.00
Dimensions: 16 x 12
Listing Office:
Scott Ingraham Real Estate
Last Updated: September – 22 – 2024
Information deemed reliable but not guaranteed.