Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen.
All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019.
Owner will consider owner financing, call for more details.
Sold for $1,475,000
$1,475,000
5500 Four 6 Pinetree Ave, Panama City, FL 32408
12beds
8,160sqft
Quadruplex, Multi Family
Built in 1981
-- sqft lot
$1,758,700 Zestimate®
$181/sqft
$1,760 Estimated rent
Home value
$1,758,700
$1.51M - $2.04M
$1,760/mo
Zestimate® history
Owner options
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$1,760/mo
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$1,760/mo
Rent Zestimate®
Refinance and save
$9,467/mo
Est. payment
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$9,467/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Alan W Swigler 850-819-0844,
ERA Neubauer Real Estate, Inc
Bought with:
Hope Abbott, PA, 3115190
Keller Williams Realty Emerald
Source: CPAR,MLS#: 752895
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
- Full bathrooms: 12
Rooms
- Room types: Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 8 x 8
Primary bedroom
- Level: First
- Dimensions: 12 x 10
Primary bedroom
- Level: First
- Dimensions: 12 x 10
Primary bedroom
- Level: First
- Dimensions: 12 x 10
Primary bathroom
- Level: First
- Dimensions: 8 x 8
Primary bathroom
- Level: First
- Dimensions: 8 x 8
Kitchen
- Level: First
- Dimensions: 12 x 10
Kitchen
- Level: First
- Dimensions: 12 x 10
Kitchen
- Level: First
- Dimensions: 12 x 10
Living room
- Level: First
- Dimensions: 15 x 10
Living room
- Level: First
- Dimensions: 15 x 10
Living room
- Level: First
- Dimensions: 15 x 10
Heating
- Central, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater
Interior area
- Total structure area: 8,160
- Total interior livable area: 8,160 sqft
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open, Porch
- Fencing: Fenced
Lot
- Size: 0.41 Acres
- Dimensions: 150 x 120
Details
- Parcel number: 31808000000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition,Shingle
Condition
- Year built: 1981
Utilities & green energy
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Biltmore Beach
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $181/sqft
- Annual tax amount: $2,397
- Date on market: 3/26/2024
- Cumulative days on market: 167 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2024 | Sold | $1,475,000-7.8%$181/sqft |
Source:  CPAR #752895 Report a problem | ||
| 8/1/2024 | Pending sale | $1,600,000$196/sqft |
Source: CPAR #752895 Report a problem | ||
| 6/24/2024 | Price change | $1,600,000-5.9%$196/sqft |
Source: CPAR #752895 Report a problem | ||
| 6/3/2024 | Price change | $1,700,000-5.6%$208/sqft |
Source: CPAR #752895 Report a problem | ||
| 3/26/2024 | Listed for sale | $1,800,000$221/sqft |
Source: CPAR #752895 Report a problem | ||
| 3/7/2024 | Pending sale | $1,800,000$221/sqft |
Source: CPAR #752895 Report a problem | ||
| 2/21/2024 | Listed for sale | $1,800,000$221/sqft |
Source: CPAR #752895 Report a problem | ||
| 2/18/2024 | Contingent | $1,800,000$221/sqft |
Source: CPAR #752895 Report a problem | ||
| 2/16/2024 | Listed for sale | $1,800,000$221/sqft |
Source: CPAR #752895 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lower Grand Lagoon
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Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.7 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.2 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,793,874
- Florida
- Bay County
- Panama City Beach
- 32408
- Lower Grand Lagoon
- 5500 Four 6 Pinetree Ave
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