FL > Panama City > No Named Subdivision
Panama City, FL 32404,6035 E Hwy 98 Bus
Panama City, FL 32404,6035 E Hwy 98 Bus
Panama City, FL 32404,6035 E Hwy 98 Bus
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$1,150,000
Est. payment /mo
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0.75 Acres Lot
Active

6035 E Hwy 98 Bus Panama City, FL 32404

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Randall Fisher

Randall Fisher

+1(850) 249-2050

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 769341

HOA Y/N No

Year Built 1949

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type Multi Family

Property Description

Exceptionally Unique Bayfront Property with Tons of Investment Potential! Picturesquely situated on a 0.75-acre parcel with a gorgeous white sandy beaches and emerald waters, this rarely available property impresses with 6 rental units (four cottages and a duplex), along with a beautiful main home. Current gross income is $45,120 annually but that is without any income for the main home and one additional cottage that owner keeps vacant for friends, etc. Main home should easily rent for minimum $2000 per month and additional cottage $800-$1000, grossing over $79,000 annually as long term rentals. Approaching the property, you immediately notice the fabulous Floridian aesthetic with lavish verdant greenery, swaying palms, and multiple outdoor spaces. Lovingly owned by a devoted artist, the residences are adorned with whimsical touches, evoking an ethereal quality. Explore the main home to discover an openly flowing layout, wood beamed ceilings, stunning wood accents, spacious living room with a wood burning fireplace and stone wall accent, elegant formal dining area, and an eat-in kitchen featuring a stainless-steel double oven and cooktop, ample cabinets, granite countertops, microwave, dishwasher, and a breakfast area. Each bedroom varies in size for versatile accommodations, while the two art studios and library satisfy a variety of lifestyle-specific flex space needs. Unlimited entertainment options abound in the scenic backyard. Fashioned with an enormous deck, the outdoor space beckons weekend barbeques, summer birthday bashes, or quiet morning meditations. Equally charming as it is captivating, the sandy beach is the ideal place to find blissful relaxation and memorable conversations with loved ones. So many watersports such as kayaking, paddleboarding, jet skis and so much more right from your own personal shoreline. The six rental units + main home offer unlimited income potential either as long term rentals, or AirBNB. This property is also located right next to Tyndall Air Force Base offering another large opportunity for people needing a rental property. Additional considerations include available open parking areas at each rental and for the home as well as a 2 car detached garage for the home. laundry area, luminous atrium, custom pergola, all this just steps from Flyby Coffee and Pizzeria Napoli, near shopping, restaurants, schools, Under the Oaks Park, marinas, entertainment, and recreational areas, public boat ramp and so much more! Whether you are a savvy homebuyer or a seasoned investor, this incredible property delivers a multitude of possibilities for daily living and positive cashflow. Call now to schedule your private showing! Mixed Use 2 (Parker) zoning.Rental Units:Duplex = 2 units1200 sq ft 3/2,Cottage 1 516 sq ft 2/1,Cottage 2 516 sq ft 2/1,Cottage 3 516 sq ft 2/1,Cottage 4 468 sq ft 2/1,Main house 1736 sq ft bayfront+ 2 car garage

Location

State FL

County Bay

Community Beach, Waterfront, Laundry Facilities

Area 02 - Bay County - Central

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Fireplace No

Exterior

Community Features Beach, Waterfront, Laundry Facilities

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Description Bayfront,Gulf Access,Ocean Access,Shoreline - Sand,Shoreline - Natural

View Y/N Yes

Water Access Desc Bayfront,Gulf Access,Ocean Access,Shoreline - Sand,Shoreline - Natural

View Bay

Roof Type Metal

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Garage(s), Guest House, Pergola, Living Quarters

Schools

Elementary Schools Tyndall

Middle Schools Everitt

High Schools Rutherford

Others

Tax ID 26192-000-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Coastal Choice Realty LLC

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agent

Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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6035 E Hwy 98 Bus

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