Rare Investment Opportunity in Panama City BeachDiscover this exceptional townhouse-style duplex offering versatility and income potential. Each unit features 2 bedrooms and 2 full bathrooms, providing a total of 4 bedrooms and 4 bathrooms across the entire building. Perfectly suited for owner-occupancy on one side while generating rental income on the other, or maximize your return by renting both units as short-term or long-term rentals.Property Highlights:A+ Condition: Meticulously maintained and move-in ready, No HOA, no Flood insurance required!Recent Updates:Roof replaced in November 2018.HVAC replaced in Unit A (2020) and Unit B (April 2024).Refrigerators in both units updated (March 2023).Water Heater in Unit B replaced (July 2024).Termite Bond: Entire building is covered by Arrow Pest's termite protection.Fenced Backyard: Private outdoor space for relaxation or tenant use.Turnkey Rental or Primary Residence: The pristine interiors are fully ready for occupancy or immediate rental. Survey available. Located in the heart of Panama City Beach, this property offers easy access to world-class beaches, dining, shopping, and entertainment. Whether you're an investor looking for strong ROI or seeking a place to call home, this duplex is a rare find. Don't miss out--schedule your showing today!
Property Features
Bedrooms
- Bedrooms: 4
- Primary Bedroom Dimensions: 14 x 10
- Primary Bedroom Level: Second
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Appliances
- Dishwasher
- ElectricOven
- ElectricRange
- ElectricWaterHeater
- Refrigerator
- RangeHood
Other Rooms
- Bedroom: 11 x 10
- Bedroom Level: Second
- Bedroom: 11 x 10
- Bedroom Level: Second
- PrimaryBedroom: 14 x 10
- PrimaryBedroom Level: Second
- Family Room Dimensions: 10 x 12
- Family Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, Electric, HeatPump
- Heating Features: Central, Electric
- Heating: Yes
Exterior and Lot Features
- Patio
- Fencing: Fenced
- Road Frontage Type: CountyRoad
Land Info
- Lot Size Acres: 0.1492195
- Lot Size Dimensions: 50x130
- Lot Size Square Feet: 6500
Garage and Parking
- Parking Features: Driveway, Paved
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle School: Surfside
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Amenities and Community Features
- Community Features: ShortTermRentalAllowed
Other Property Info
- Source Listing Status: Active
- County: Bay
- Directions: Headed South on Thomas Drive turn right on magnolia Beach Rd., stay left at the split, turn right on Catherine St. Unit is on the right hand side towards the end of the street.
- Source Property Type: Residential
- Property Subtype: townhouse
- MLS Area Minor: 0319 - Beach - East
- Source Neighborhood: Magnolia Beach
- Parcel Number: 31295-000-000
- Postal City: Panama City Beach
- Subdivision: Magnolia Beach
- Zoning Description: Resid Multi-Family
- Property Subtype: Attached
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2045
- Year Built: 2006
- Construction Materials: Stucco
- Living Area Source: Appraiser
- Property Age: 18
- Roof: Shingle
- Structure Type: Townhouse
Utilities
- Sewer: SepticTank
- CableAvailable
- SepticAvailable
- TrashCollection
Home Features
- Security Features: SmokeDetectors