Furnished Duplex with Outdoor
For Sale
$499,000
7300 Sunset Ave Unit A & B, Panama City Beach, FL 32408
Both residences permit short-term rentals and include private backyards and separate parking.
Property Size1,896 SF
Price / SF$263.19
Days on Market19
Property Features for 7300 Sunset Ave Unit A & B
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
EXP Realty LLC
Listed By:
Kelly Stiles · License #3555354
(850) 319-5132
Source:
Susan.forsaleonthegulfcoast
Added: Sep 23
Changed: Oct 8
Last Checked: Oct 11 at 6:38AM
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
Investment Insights
Based on property information with market context.
This furnished duplex contains two residences, each arranged with two bedrooms and one bathroom. Both sides have updated kitchen cabinets and appliances, a private backyard, separate parking, and an outdoor shower. The property was built in 1985.
The yards look out toward a lagoon, and a boat ramp is nearby. Panama City Beach’s Gulf shoreline is also close by. Short-term rentals are allowed, providing flexibility for occupancy across the two units.
The yards look out toward a lagoon, and a boat ramp is nearby. Panama City Beach’s Gulf shoreline is also close by. Short-term rentals are allowed, providing flexibility for occupancy across the two units.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Furnished duplex with short‑term rentals allowed
- Updated kitchen cabinets and appliances in both residences
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
397
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences permit short-term rentals and include private backyards and separate parking.
Where is this duplex located?
The property is located at 7300 Sunset Ave Unit A & B Panama City Beach, 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 units, each with 2 bedrooms and 1 bathroom; Furnished duplex with short‑term rentals allowed; Updated kitchen cabinets and appliances in both residences
