Master on Main
Address
602 Fernwood Street Panama City Beach, FL
Price
$ 894,999
Property Attributes
  • MLS#696614
  • TypeSingle Family
  • CountyBAY
  • CityPanama City Beach
  • Area03 - Bay County - Beach
  • NeighborhoodDaugette Add-Bahm Bch
  • Zip32407
  • StyleN/A
  • Price$ 894,999
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4146
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Splashy Beach Real Estate LLC
Property Description

***BRING ALL OFFERS!!!** Fernwood is one of the only Multi Family Properties In PCB. 2 blocks from the beach, and zoned short term, the new owner has the opportunity to increase their gross income from $65400 to $85k In one year. 1% to 2% cap increase estimated***THIS PROPERTY HAS 4 UNITS. ALL UNITS ARE 2 BEDROOM 2 BATHS. EACH UNIT IS VERY SPACIOUS. ONLY 2 BLOCKS FROM THE BEACH. ALL A/C AND HOT WATER HEATERS HAVE BEEN REPLACED WITHIN THE PAST 4 TO 5 YEARS.Monthly gross income is $5450ANNUAL GROSS IS $65400Seller pays water and trash. Tenants pay electric and cable

Elementary School Middle School High School
Hutchison Beach Elementary School Surfside Middle School Arnold High School
Price History
4/21/2020 Listed $1,200,000
5/12/2020 9% - $1,100,000
6/11/2020 1% - $1,090,000
7/7/2020 9% - $995,500
8/7/2020 1% - $993,999
8/8/2020 1% - $993,900
8/8/2020 1% - $992,950
8/9/2020 10% - $895,995
8/24/2020 1% - $895,950
9/8/2020 1% - $895,000
11/17/2020 1% - $890,500
11/25/2020 1% - $890,400
11/28/2020 1% - $885,000
11/28/2020 2% - $875,000
12/3/2020 3% - $850,000
12/7/2020 6% - $799,999

General Features

Construction Status Construction Complete
Energy AC - Central Elect, AC - Window/Wall
HOA Fee No
Homestead No
Property Type A
Sub Area 0320 - Beach - Middle Central
Sub-Type Multi Family
Utilities All Utilities, Electric, Garbage, Phone, Public Sewer, Public Water, Water - Available

Interior Features

# Of Units In Bldg 4.00
Apx Sqft(htd/cooled) 4146.00
Furnished Y/N Furnished - None
Kitchen First
Living Room First
Media Room First
Rooms Balcony, Bedroom, Full Bathroom, Kitchen, Living Room, Master Bathroom, Master Bedroom, Media Room

Exterior Features

Acreage 0.15
Assigned Spaces 8.00
Design N/A
Lot Dimensions 60x108
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32407

Price
AVG $390K
$890K
Visits
AVG 13
8
Year Built
AVG 1999
1999
Walkscore
AVG 25
38
Data Provided by Walkscore ® not using MLS data

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