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$1,649,000

Beds
16
Baths
16.0
sq ft
7,240

2729 Carol Ln, Panama City, FL 32405

2729 Carol Ln

Panama City, FL 32405

  • 46 days on market
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

$228

Year built

2024

Price History

12/18/2024
EmeraldCoast

EmeraldCoast #964913

Listed
$1,649,000

Schools & Community

Neighborhood: 

Cedar Grove

Elementary school: 

Hiland Park

Middle school: 

Mowat

High school: 

Bay

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Innovations Financial Cu

Loan start date

June 2023

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

5.76%

Loan type

Future Advance Clause / Open End Mortgage, 15 year

Seller

Coastal Classic Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/02/2025 at 11:50 AM

Listing updated: 12/20/2024 at 10:29 AM

Listed by: Christina M Knox, Christina M Knox, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #964913

EmeraldCoast logo

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