7405 b beach drive

This beachy townhouse could be the ideal rental investment, 2nd home, or primary home! Located in east Panama City Beach this townhome is directly across from the Rick Seltzer Park public beach access. You can even see the Gulf of Mexico from the 2nd floor balcony! This townhome has no HOA, no flood insurance required, and there are no restrictions on short term rentals. With projections up to $55K you could see an 8% CAP RATE! Newer 2019 roof along vinyl siding, trex decking replaced with Trex. This townhouse is loaded with potential and ready for a new owner to turn into a STR rental machine. Located just minutes away from the best attractions and restaurants on the beach, it would be hard to find a better investment at this price. Lots of recent updates including a brand new AC system!!