Additional Details

• Important Details: --> VACANT AT CLOSING --> HOA $949/quarterly (owner responsible for roof and hvac)
• Features: RARE deal in Panama City Beach! This 2/2.5 townhome is located within the desired Gulf Highlands Beach Resort, nestled just steps away from the beach! Boasting 1,596 sqft of living space, this waterfront property is primed to be an amazing investment as a flip, rental or Airbnb. Act fast, opportunities like this don't last!
• Potential ARV: $425,000 - $450,000
• Rehab Description: Property has been well-maintained and only needs light cosmetics. Deep clean and apply fresh interior paint throughout. Replace flooring in bedrooms. Optionally, update the kitchen and bathrooms to maximize value. Roof and central HVAC are in good working order. Plumbing and electrical are in good working order.
• Estimated Rehab: $25,000 - $30,000
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comp 1: 100 Grande Island Blvd, Panama City Beach, FL 32407 2/2.5 1,500 sqft Sold for $466K in SEPTEMBER (1989 build, nice finishes, waterfront, corner lot)
• Comp 2: 236 Grande Island Blvd Panama City Beach, FL 32407 2/2.5 1,512 sqft Sold for $465K in MARCH (1996 build, nice finishes, waterfront, same building as subject)
• Comp 3: 228 Grande Island Blvd Panama City Beach, FL 32407 2/2.5 1,512 sqft Sold for $445K in APRIL (1996 build, clean finishes, waterfront)
• Comp 4: 114 Grand Island Blvd, Panama City Beach, FL 32407 2/2.5 1,436 sqft Sold for $412K in AUGUST (1990 build, original, updates needed)