1016 W 12th Street, Panama City, FL 32401

Details

Prime Panama City Investment - Dual-Home Gem Near Beach Drive! Unlock a rare opportunity with this investor's paradise in vibrant Panama City, FL! This dual-home property offers incredible income potential and lifestyle perks, just a short stroll from Beach Drive's stunning waterfront and the lively St. Andrews area. Whether you're an investor, a young family, or seeking a beachside retreat, this versatile property is your ticket to coastal living and financial success. Property Features: Two Distinct Homes on one deeded lot with separate postal addresses for maximum flexibility. Front Home: Expansive 5 bed, 3 full bath layout, currently generating $2,600/month in rental income. Back Home: Charming 2 bed, 2 bath unit, previously rented for $1,600/month, ideal for short-term or long-term rentals. Flexible Bonus Space: Over 200 sq ft in the garage, ready to convert into an extra bedroom and bathroom, entertainment hub, or home office. Two-Car Garage with convenient back alley access for additional parking and easy entry. Modern Upgrades: Post-Hurricane Michael new roof, sleek granite countertops, new appliances, updated HVAC, and a cost-saving well-powered irrigation system. Spacious Living Areas: Both homes boast large common spaces perfect for family gatherings or guest entertaining. Endless Possibilities: This property is a goldmine for investors! Keep the front unit rented, live in it as a family, or use the back unit for Airbnb or long-term tenants. The additional flex space allows you to boost rental income or customize for personal use. A young family could settle into the spacious front home while renting out the back to offset costs. The options are truly limitless! Unbeatable Location: Steps from Beach Drive: Enjoy morning walks or sunset views along Panama City's beautiful waterfront. St. Andrews Vibes: Savor top-tier restaurants, nightlife, and local charm just minutes away. Family-Friendly: Walk to the Bay County Library and nearby schools, making daily life a breeze. Central Convenience: Perfectly situated for work, play, and relaxation. Why Buy Now? With 7 bedrooms, 5 full bathrooms, and modern upgrades, this property blends affordability with opportunity. Live steps from the beach, enjoy rental income, and customize the space to suit your vision. Whether you're seeking a primary residence with income potential or a high-return investment, this Panama City gem delivers. Don't wait—this unique dual-home property won't last long! Schedule a tour today and seize your chance to own a slice of coastal paradise with endless potential.