601 Dogwood Street Panama City Beach
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This four-unit vacation rental is an excellent opportunity for someone looking to invest in a thriving vacation rental market. With its prime location within walking distance from Panama City Beach, this business has the potential to attract a steady stream of tourists throughout the year. This business is profitable, with $140k to $160k gross annually. Guests will enjoy being within walking distance of the white sands of Panama City Beach, many attractions, restaurants, and shopping. The large lot has a gazebo, plenty of room for parking, and may provide an opportunity to build additional rental units or expand the existing ones. Each unit is unique in size and decor and has many upgrades, including tile showers, remodeled kitchens, stainless steel appliances, commercial-grade luxury vinyl plank, and much more. Unit A has 3 bedrooms and 2 bathrooms with a large living area, an upgraded kitchen, crown molding, and both an open and a covered patio, is very spacious and tastefully decorated in a fun and eclectic style. Unit B Is a studio-style apartment with an additional 12' x 10' entry room and patio. It currently has a long-term tenant producing a steady monthly income. Unit C has 2 bedrooms, 1 bathroom, a large kitchen with a dining area, and a very spacious living room, once again tastefully decorated and upgraded, and this unit also has a large private fenced-in courtyard to the side of this unit. Unit D is a separate detached tiny home with its fenced-in private yard, its own kitchen and dining combo, and bedroom and bathroom. The property also has a full-sized washer and dryer on sight for your cleaners and plenty of private storage. All four units bring in around $140k to $160K a year, so don't hesitate to contact your favorite realtor. Also, links to a video tour are available to qualified buyers only and upon request. All measurements are approximate.
This listing is maintained by CENTURY 21 Ryan Realty Inc.
|Bathrooms||5 full, 0 half|
|Lot Dimensions||144 x 117|
|Taxes||$3,661.00 in 2022|
|HOA||No HOA Fees|
|Interior||Crown Molding, New Paint, Other, Remodeled, Recessed Lighting,|
|Appliances||Convection Oven, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Trash Compactor, Warming Drawer, Washer,|
|Exterior||Deck, Porch, Storage,|
|Energy||Central Air, Ceiling Fan(s), Electric, Multi Units,|
|Utilities||Electricity Available, Sewer Available, Water Available,|
|Elementary School||Hutchison Beach|
|Sub-area||0320 - Beach - Middle Central|
|Subdivision||Hutchison's 1st To Bahama Bch|