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VIRGA REALTY, INC.
8727 Thomas Drive Unit A7, Panama City, FL 32408
- $640,000
- 4
- BD
- 3
- BA
- List Price
- $640,000
- Status
- ACTIVE
- MLS#
- 797357
- Subtype
- Residential
- Style
- Low Rise
- Year Built
- 1974
- Bedrooms
- 4
- Bathrooms
- 3
- Full Baths
- 3
- Subdivision
- Sugar Beach Condo
- Neighborhood
- Beach - South of Grand Lagoon
- MLS Area Major
- Bay County - Beach
Property Description
Over $90k annually in ACTUAL rentals... Incredible ROI and CAP rates... Completely Remodeled... LOWEST PRICED 4-bedroom Condo you will find that offers everything an investor could dream of - and so much more! Sugar Beach is perfectly located right in the heart of the most desirable location on Thomas Drive. Everything a renter could ever want is right outside their door, and that is exactly why this absolutely gorgeous unit blows away the competition when it comes to rental income. The beach's best restaurants, the area's most iconic bars, the town's most recognizable attractions, and the world's most beautiful beaches... a better location simply doesn't exist! Being pet friendly for renters offers a distinct advantage over almost every other complex on the beach, and the truly unique greenspace offers a tranquil Coy and Turtle pond that simply can't be found this close to the sand anywhere else in town. And with the entire complex being newly updated, the milestone inspection being passed with flying colors, and the association actually LOWERING the HOA dues this year, it is easy to see why Sugar Beach is one of the most sought-after communities in the Panhandle. And the condo itself... Absolutely gorgeous. Every inch has been remodeled inside and out with high end coastal flare, and the beach views are beyond breathtaking. With parking directly outside your door, 2 private patios overlooking the peaceful courtyard and beach, and enough room to sleep up to 12 people comfortably, this rental beast is truly unlike the others. And with the next closest comp being priced over $150k more, blink and you will likely miss this truly one-of-a-kind investment opportunity!
Additional Information
- Interior Features
- Interior Steps, Smart Thermostat, Tub Shower, Upper Level Primary
- HOA Fee
- $3,238
- Property Description
- Low Rise
- Zoning
- Resid Multi-Family
- Appliances
- Electric Oven, Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Exterior Construction
- Block, HardiPlank Type, Concrete
- Stories
- 3
- Levels
- Three Or More
- Roof
- Flat, Membrane
- Parking
- Gated, Parking Lot
- Elementary School
- Breakfast Point
- Middle School
- Breakfast Point
- High School
- Arnold
Listing courtesy of Beachy Beach Real Estate.