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$850,000
Est. payment /mo
4,432 SqFt
Price Dropped by $50K
2605 Redwood ST Panama City Beach, FL 32408
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,432 sqft
Price per Sqft $191
Subdivision Treasure Cove
MLS Listing ID 785104
HOA Y/N No
Year Built 1978
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Multi Family
Property Description
Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow.
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1-1/2 bathroom. All apartments have been renovated, with new flooring throughout, new kitchen, and Energy saving appliances appealing to long-term tenants and supporting consistent occupancy. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1-1/2 bathroom. All apartments have been renovated, with new flooring throughout, new kitchen, and Energy saving appliances appealing to long-term tenants and supporting consistent occupancy. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Parking Features Paved
Utilities Available Water Available
Roof Type Composition,Shingle
Private Pool No
Building
Water Community/Coop
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31054-000-000
Special Listing Condition Listed As-Is
Listed by Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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