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204 3rd street

Panama City Beach, FL 32413

$729,000

5 BEDS 4 BATHS
Residential - Single Family
Image 1
Bedrooms 5
Total Baths 4
Status Off Market
MLS # 965177
County Bay
More Info
Category Residential - Single Family
Status Off Market
MLS # 965177
County Bay
Generating over $90,000 in gross rental income last year, 204 Third Street is a highly unique investment property just eight minutes from 30A. This rare property by the beach offers 3 separate income-producing beach homes on an oversized lot. The three homes have a successful rental history, having earned over $83,000 in gross rental income in 2023. The property conveys fully-furnished and have low operating expenses. All the homes have been beautifully renovated and come with new metal roofs and new hot water heaters. The value of this oversized lot is tremendous being surrounded by newer homes & positioned by a private beach access. The property comes with rental bookings already in place for 2025. Rental income history, rental income projections, estimated expenses & net income projections are available by request.
Location not available

Exterior Features

  • Style Beach House
  • Construction Single Family
  • Garage No
  • Lot Dimensions 50x140

Interior Features

  • Heating Central
  • Year Built 1997

Neighborhood & Schools

  • Subdivision SUNNYSIDE PLAT
  • Elementary School Breakfast Point
  • Middle School Surfside
  • High School Arnold

Financial Information

  • Parcel ID 36500-000-000
  • Zoning Resid Single Family

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