2605 Redwood Street, Panama City Beach, FL 32408

$850,000
  • 2605 Redwood Street, Panama City Beach, FL 32408 Main Photo

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Active
SQUARE FEET4,432 MLS#785104
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONTreasure Cove

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.

2605 Redwood Street | MLS# 785104

This commercial property located at 2605 Redwood Street, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $850,000. Search Panama City Beach real estate on www.premierfl.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.19 Acres
Roof Type: Composition, Shingle
Year Built: 1978

Feature Descriptions

Days on Site: 112
Exterior: Block, Concrete, Vinyl Siding
Parcel#: 31054-000-000
Parking: Paved
Parking Notes: Paved
Utilities: Water Available
Water: Community/Coop

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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