6035 Bus Panama City, FL 32404

This bayfront property is situated on a 0.75-acre parcel with sandy beaches. It includes a main home and six rental units, consisting of four cottages and a duplex. The current gross annual income from the rentals is $45,120, not including potential income from the main home and one vacant cottage. The main home could potentially rent for a minimum of $2,000 per month, and the additional cottage for $800-$1,000, potentially grossing over $79,000 annually as long term rentals. The residences feature a Floridian aesthetic with greenery and outdoor spaces. The main home has an open layout, wood beamed ceilings, wood accents, a living room with a wood burning fireplace and stone wall accent, a formal dining area, and an eat-in kitchen with stainless-steel appliances, ample cabinets, granite countertops, and a breakfast area. There are two art studios and a library. The backyard includes a deck. The sandy beach is suitable for watersports. The six rental units plus the main home offer income potential as long term rentals or for short-term rentals. The property is located next to Tyndall Air Force Base. There are open parking areas for each rental and the home, as well as a 2-car detached garage for the home, a laundry area, a luminous atrium, and a custom pergola. The rental units include a duplex with two 1200 sq ft 3-bedroom, 2-bathroom units, and four cottages: three are 516 sq ft 2-bedroom, 1-bathroom units, and one is a 468 sq ft 2-bedroom, 1-bathroom unit. The main house is 1736 sq ft. The zoning is Mixed Use 2 (Parker).