2605 Redwood Street Panama City Beach, FL 32408
- Added:
- Feb 10, 2026
- Days on Market:
- 50
- Last Refresh:
- Apr 1 at 5:06 pm
Property Features for 2605 Redwood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 31054-000-000
- Size
- 4,432 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- TaxDescription
- TREASURE COVE LOT 6 BLK 11 ORB 2074 P 941
Building Details
- Year built
- 1978
- Building materials
- Block, Concrete, VinylSiding
- Roof type
- Composition, Shingle
Listing agent Oscar D Forero License #SL3636248 (850) 319-4106
Listing office Coldwell Banker Realty 726 Thomas Drive Suite A, Panama City Beach, FL (850) 234-6696
Listing date Feb 10, 2026
MLS# 785104
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turnkey Income Property in Panama
The property at 2605 Redwood Street is 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 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 kitchens, and energy-saving appliances. Recent capital improvements include an A/C unit less than 4 years old, a roof replaced in 2019, partial siding replacement on each building, and a newly installed septic tank. The property is situated on a lot of 0.19 acres. 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. This property is a compelling opportunity to secure a high-performing asset. The property size is 4432 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.753988
- Latitude
- 30.1571233
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Stabilized, fully leased duplex with renovated units and recent upgrades.
Where is this quadplex located?
The property is located at 2605 Redwood Street Panama City Beach, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully leased, turnkey duplex with four renovated units, providing immediate and reliable cash flow.; Desirable unit mix of spacious 3‑bedroom and 2‑bedroom apartments, each with 1‑1/2 bathrooms.; Recent capital improvements including a relatively new A/C unit, roof replacement (2019), partial siding replacement, and newly installed septic tank.
