Furnished
For Sale
$499,000
7300 Sunset Avenue A & B, Panama City, FL 32408
Each residence includes private outdoor space, and short-term rentals are permitted.
Property Size1,896 SF
Price / SF$263.19
Days on Market34
Property Features for 7300 Sunset Avenue A & B
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$4,515
Amenities
private backyard
outdoor shower
lagoon views
Building Details
Building Size
1,896 SF
Year Built
1985
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Kelly L Stiles · License #3555354
(850) 319-5132
Source:
Localinsightrealty
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 12:03PM
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 EXP Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1985, this 1,896-square-foot duplex contains two furnished residences, each with two bedrooms and one bathroom. Both sides have new kitchen cabinets and appliances, separate parking, a private backyard, and an outdoor shower. Short-term rentals are allowed. The yards offer lagoon views, with a boat ramp nearby and the beach within close reach.
Key Highlights
- Two furnished residences, each with 2 bedrooms and 1 bathroom
- 1,896 square feet; built in 1985
- New kitchen cabinets and appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,174
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,480
$403.5K
Cap Rate 7%
$288,200
$288.2K
Cap Rate 9%
$224,156
$224.2K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$30.7K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$28.8K $15.20/SF
− OpEx
−$8.6K −$4.56/SF
NOI
$20.2K $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%
$403,480
Cap Rate 7%
$288,200
Cap Rate 9%
$224,156
Alternative Uses
Best Use
Multifamily LT 5
$288.2K
$252.2K – $336.2K
NOI $20,174 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$264.1K
$231.1K – $308.1K
NOI $18,486 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$552.4K
$483.4K – $644.5K
NOI $38,670 @ 7.0% cap · market cap 7.75%
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
477
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 - Each residence includes private outdoor space, and short-term rentals are permitted.
Where is this duplex located?
The property is located at 7300 Sunset Avenue A & B Panama City, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two furnished residences, each with 2 bedrooms and 1 bathroom; 1,896 square feet; built in 1985; New kitchen cabinets and appliances in both units
