For sale
  • Price cut: $11K (8/6)
    $482,000

    6505 Thomas Dr #505-505A, Panama City, FL 32408

    2beds
    1,074sqft
    : 
    Condominium
    Built in 1984
    -- sqft lot
    $464,100 Zestimate®
    $449/sqft
    $1,404/mo HOA

    What's special

    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.
    160 days
    on Zillow
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    217
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    11
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