Furnished Duplex with Private
For Sale
$949,000
2311/2313 Anne Ave, Panama City Beach, FL 32408
Two separately fenced residences feature covered porches, private garages, and furnished interiors.
Property Size3,452 SF
Price / SF$274.91
Days on Market58
Property Features for 2311/2313 Anne Ave
General Information
Standard status
Active
Size
3,452 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
1
Additional Details
Furnished
Yes
Gross Income
$86,000
Amenities
fenced backyard
covered porch
private garage
in-ground sprinkler system
Building Details
Year Built
2021
Buildings
1
Listing Agency:
1 Percent Lists Florida Coast
Listed By:
Delawalla Group
(850) 225-9899
Source:
Bestofemeraldcoast
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1 Percent Lists Florida Coast
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this furnished duplex contains two independently configured residences with private, covered porches and separately fenced backyards. Each side includes its own private garage, providing dedicated vehicle storage for the respective residence. An in-ground sprinkler system serves the property, while the oversized lot offers room for a pool or future expansion. The building encompasses 3,452 square feet and is positioned at 2311/2313 Anne Ave in Panama City Beach, on the east end of the beach community. The property is identified as a short-term rental and is offered as a duplex investment asset.
Key Highlights
- Furnished duplex built in 2021
- 3,452 square feet
- Short‑term rental property on the east end of Panama City Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,730
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,600
$734.6K
Cap Rate 7%
$524,714
$524.7K
Cap Rate 9%
$408,111
$408.1K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$55.9K $16.20/SF
− Vacancy
−$3.5K −$1.00/SF
EGI
$52.5K $15.20/SF
− OpEx
−$15.7K −$4.56/SF
NOI
$36.7K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,600
Cap Rate 7%
$524,714
Cap Rate 9%
$408,111
Alternative Uses
Best Use
Multifamily LT 5
$524.7K
$459.1K – $612.2K
NOI $36,730 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$480.8K
$420.7K – $561.0K
NOI $33,658 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.01M
$880.1K – $1.17M
NOI $70,406 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced residences feature covered porches, private garages, and furnished interiors.
Where is this duplex located?
The property is located at 2311/2313 Anne Ave Panama City Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Furnished duplex built in 2021; 3,452 square feet; Short‑term rental property on the east end of Panama City Beach
