Duplex with Private
2313/2311 Anne Avenue, Panama City Beach, FL 32408
For Sale
$899,000
Both furnished residences have separate garages, covered porches, and fenced outdoor areas.
Property Size3,452 SF
Price / SF$260.43
Days on Market92
Property Features for 2313/2311 Anne Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
privately fenced backyard
covered porches
private garage
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Reverie SRB
Listed By:
Kavin Kuykendall · License ##SL3493828
(509) 301-7838
Source:
Indianspringsfl
Added: Aug 10
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 Corcoran Reverie SRB
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 3,452-square-foot duplex is configured as two furnished residences used for short-term rental. Each unit has its own private garage, covered porch, and fenced backyard. An in-ground sprinkler system serves the property, and the oversized lot has room for a pool or expansion.
The duplex is on the east end of Panama City Beach, Florida.
The duplex is on the east end of Panama City Beach, Florida.
Key Highlights
- 3,452‑square‑foot duplex built in 2021
- Furnished two‑unit property used for short‑term rental
- Separate private garage, covered porch, and fenced backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,730
Cap Rate
4.09%
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 4.09%
Second Best
Apartment 5plus
$480.8K
$420.7K – $561.0K
NOI $33,658 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.01M
$880.1K – $1.17M
NOI $70,406 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$352,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Panama City Beach, FL
Properties on Market for Duplexes in Panama City Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both furnished residences have separate garages, covered porches, and fenced outdoor areas.
Where is this duplex located?
The property is located at 2313/2311 Anne Avenue Panama City Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,452‑square‑foot duplex built in 2021; Furnished two‑unit property used for short‑term rental; Separate private garage, covered porch, and fenced backyard for each unit
