1211 Stephen Drive Panama City
$1,075,000
Multi
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*** ATTENTION INVESTORS *** *** SUPER MODERN QUADPLEX *** * Fully rented currently producing $96K/year with 4 long-term leases, and security deposits! Short-term rentals projections over $144K/year! Very low insurance, taxes, and management cost represents an amazing Cap rate!* Over $200k in upgrades...Completely renovated with top of the line! 8beds/8baths. New kitchen cabinets, Quartz countertops, new tile flooring in all 4 units including stairs, new recessed lighting trough out, freshly painted, new bathrooms, laundry rooms, landscaping, and much more!!!* Excellent central location close to the beach, St. Andrews Bay, downtown, and Tyndall Air Force base! * ONLY Full price offers; no appraisal contingency will be entertained.* Call now, it won't last!!!
This listing is maintained by Red Real Estate Associates, LL.
Property Details
| MLS# | 755127 |
| Status | Active |
| Property Type | Multi |
| Bedrooms | 8 |
| Bathrooms | 8 full, 0 half |
| H/C Sqft | 4,288 |
| Acreage | 0.22 |
| Lot Dimensions | 100 x 95.40 |
| Year Built | 2016 |
| Taxes | $7,596.00 in 2023 |
| HOA | No HOA Fees |
Features
| Interior | Kitchen Island, New Paint, Remodeled, Recessed Lighting, |
| Appliances | Electric Range, Refrigerator, |
| Exterior | Deck, |
| Community Amenities | Short Term Rental Allowed, |
| Energy | Central Air, |
| Construction | Brick, |
| Utilities | Electricity Available, Sewer Available, Trash Collection, Water Available, Yard Maintenance, |
| Parking | Assigned, Parking Lot, |
| Lot | Landscaped, |
Location
| Elementary School | Northside |
| Middle School | Jinks |
| High School | Bay |
| Zip Code | 32405 |
| Area | Bay County - Central |
| Sub-area | Bay - Central SW |
| Subdivision | [No Recorded Subdiv] |
