Panama City Beach FL 💥 Light Rehab Flip or High Income Rental

Description

💥 New Property For Assignment 💥

Light Rehab Flip or High Income Rental in Panama City Beach FL

📍Property Overview:

Size: 1512 sqft

Year Built: 1961 (Renovated in 1966)

Layout: 3 Bedrooms / 3 Bathrooms

Roof: 1 year old

HVAC: 1 year old

Status: Occupied, Owner Vacant 30 days after close

💰 Financial Highlights:

Asking Price: 405k

After Repair Value (ARV): 550k – 570k

Rental Rates: LTR 2.5k – 2.9k/month

HOA: No

EMD (Earnest Money Deposit): 5k

Closing Date: On or before February 29, 2024

🌐 Location Highlights:

Located in Laguna Beach neighborhood, walking distance to the white sandy beaches

Minutes from Pier Park

🏆 Investor Edge:

Prime location with proximity to beaches and entertainment

Recently renovated with a one-year-old roof and HVAC

Potential for lucrative long-term rentals