$453,000

6505 Thomas 505 Drive 505A, Panama City Beach FL, 32408

Price per sqft$421.79

Built in1984

Property size1,074 sqft

Property typeCondominium

Overview

Sold

Closed

Listed Mar 11, 2025

Updated Jun 12

TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.

Additional information

MLS^® ID: 770166

Interior Features

Bedrooms: 2
Bathrooms: 2
Cooling: Yes
Heating: Yes
Basement: No

Other Property Details

Taxes: $4,897
Tax Frequency: Annually
View: Yes
Pool: Yes
Waterfront: Yes
55+/Senior Community: No

Courtesy of HomeCoin.com, Jonathan Minerick,
Listing Contact: 888-400-2513

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rachel Warrell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.