Beds7
Baths5
Sq.Ft.2,753
Year1960
Virga Realty, Inc.
(850) 814-6999
Status:
Active
Property Type:Duplex Multi-Units
MLS #:741944
Sq. Feet:2,753
On Site:201 Days
Lot Size:16,988 Sq. Ft.
County:Bay
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.
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 9/22/2023 | $1,349,000 | $1,349,995 | 0.1% |
| 11/15/2023 | $1,349,995 | $1,300,000 | -3.7% |
Community Information
Address:601 Dogwood St, Panama City Beach, FL 32407
County:Bay
City:Panama City Beach
Subdivision/Condo:Hutchison's 1st To Bahama Bch
Zip Code:32407
SubArea:0320 - Beach - Middle Central
Architecture
Bedrooms:
7
Bathrooms:
5
Year Built:1960
Stories:1
Style:Duplex
Construction Materials: Block, Stucco
Roof: Metal
Parking Features: Driveway
Features / Amenities
Interior Features: Crown Molding, New Paint, Remodeled, Recessed Lighting
Appliances: Convection Oven, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Trash Compactor, Warming Drawer, Washer
Flooring: Plank, Tile, Vinyl
Furnished: Furnished Or Unfurnished
Exterior Features: Deck, Porch, Storage
Patio And Porch: Covered, Deck, Open, Patio, Porch
Entry Level: 1
Other Structures: Gazebo
Community Features: Short Term Rental Allowed
Cooling: Central Air, Ceiling Fan(s), Electric, Multi Units
Heating: Electric
Property Features
Lot Size:
0.39 Acres / 16,988 Sq. Ft.
Lot Dimensions:144 x 117
Lot Features: Corner Lot
Location: Corner
Utilities: Electricity Available, Sewer Available, Water Available
Sewer: Public Sewer
Water: Public
Road Frontage: City Street
Directions:Heading West on Panama City Beach PKW/HWY 98, turn left onto Clara Ave. Then turn right onto Hutchison Blvd/Middle Beach, then turn left onto Dogwood St. 601. Dogwood will be the corner lot on the left.
Tax and Financial Info
Tax Year: 2022
Tax Annual Amount: $3,661
Terms: Cash, Conventional, FHA, VALoan
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601 Dogwood St Panama City Beach, FL 32407
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601 Dogwood St Panama City Beach 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. Bay 741944 FL Hutchison's 1st To Bahama Bch 32407 duplex multi-units for sale $1,300,000 7 5 2753 0.39
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Listing Information Last Updated 12/11/2023
Listing provided courtesy of Century 21 Ryan Realty Inc.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
