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🏝 Walk to the Beach Turnkey Quadplex | Panama City Beach, FL | See Seller Financing Terms! πŸ’°

Price
$2,240,000
Est. Resale Value
$2,300,000
114 Malaga Pl, Panama City Beach, FL 32413, USA, ,

Overview

  • 8 Bedrooms
  • 6 Bathrooms
  • 4,356 ft
  • Year Built: 1976

Description

πŸ’₯CASH-FLOWING QUADPLEX – STR PERMITTED WITH NO HOAπŸ’₯

βœ… Purchase Price: $2,240,000 (Includes Entry Fee)
βœ… Entry Fee: $340,000 (Cash to seller + Assignment)
βœ… Seller Carry: $1,900,000
βœ… Interest Only Year 1: $7,125/mo (4.5%)
βœ… Interest Only Year 2-5: $8,500/mo (5.4%)
βœ… Balloon: 5 years
βœ… Balloon Payment: $1,900,000
βœ… 2 units come furnished

Current Income Outlook:
Unit 1: LTR – $2,050/mo lease expires in March 2025
Unit 2: LT Lease Expires May 5th, 2024 (can be converted to STR)
Unit 3: STR – 88% booked/deposit through end of July ($230/night average)
Unit 4: STR – 97% booked/deposit through end of July ($230/night average)

πŸ’°Income Potential
Year 1: $168,000 revenue (1 LTR / 3 STR)
Year 2-5: $190,000 revenue (4 STR)

Address: 114 Malaga Pl, Panama City Beach, FL 32413, USA
County:
State:
Zip: 32413
Country: United States
Open In Google Maps
Property Id : 143457
Price: $ 2,240,000
Property Size: 4,356 ft
Bedrooms: 8
Bathrooms: 6
ARV: $2,300,000
Property Type: Multifamily
Parking: Assigned
Year Built: 1976
Lot Size: 0.18 acres

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