2907 Sarah Jean CT Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32408
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Gulf Pines U-3
MLS Listing ID 779488
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 2019
Annual Tax Amount $6,116
Tax Year 2024
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Quadruplex
Property Description
Attention Investors! Sarah Jean Cottages consists of four 2 bed 2 bath 800 sf cottages and 9 additional buildable lots in this quaint Panama City Beach neighborhood. Short term rentals are allowed and three of the cottages are currently rented on Airbnb with great returns. The fourth unit has a long-term lease. These beautiful properties have open floor plans with laminate flooring throughout, stainless steel appliances, granite countertops in the kitchen, tankless water heaters, tub/shower in guest bathroom and walk in shower in master. The short term rental units are fully furnished and outfitted and additionally come with washer and dryers. Paver driveways offer attractive parking. There are two different single story floor plans that have been built, but a two-story option could be built as well in the same footprint. An HOA has been drawn up but not finalized yet. The HOA would need to be established if the buyer wanted to sell the cottages individually. The common areas to maintain are the road, lift station and common grounds. The seller has done all of the needed development work except for installing electrical pedestals for the last 6 lots. Construction plans are included in the Documents. Survey can be provided. Please note that the two-story house in the back of the property is not part of this sale. Please don't disturb tenants if you drive by. Appointments need to be made to see inside the units. Rental numbers are included in the Documents. This sale includes three parcels: 30197-590-000, 30197-590-004, and 30197-590-014. Just a few minutes from the beach, and close to shopping, restaurants, boat rentals, and attractions such as golf, miniature golf, go-karts, Wonderworks, Ripleys and more!
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Interior Features Window Treatments
Heating Central,Electric
Cooling Central Air,Ceiling Fan(s)
Flooring Laminate,Luxury Vinyl Plank
Fireplace No
Appliance Dishwasher,Refrigerator
Exterior
Parking Features Driveway
Building
Sewer Lift Station,Public Sewer
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Tax ID 30197-590-000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Listed As-Is