Furnished Duplex with Lagoon
For Sale
$499,000
7300 Sunset Ave Unit A & B, Panama City, FL 32408
Two furnished units offer updated kitchens, separate parking, private backyards, and outdoor showers near the beach.
Property Size1,896 SF
Price / SF$263.19
Days on Market68
Property Features for 7300 Sunset Ave Unit A & B
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
private backyard
outdoor shower
separate parking
lagoon views
Building Details
Year Built
1985
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Kelly L Killick · License #3555354
(850) 319-5132
Source:
Emeraldcoasthomesource
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 28 at 8:33AM
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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Investment Insights
Based on property information with market context.
This furnished duplex at 7300 Sunset Ave Unit A & B in Panama City, Florida, contains 1,896 square feet across two units. Built in 1985, each side offers 2 bedrooms, 1 bath, a kitchen with brand-new cabinets and appliances, separate parking, a private backyard, and an outdoor shower. The property is being sold furnished, and short-term rentals are allowed.
The yards provide lagoon views, while a nearby boat ramp and the beach offer convenient access to waterfront recreation. The two-unit layout supports leasing both sides, occupying one unit while renting the other, or using the property for personal stays and guests.
The yards provide lagoon views, while a nearby boat ramp and the beach offer convenient access to waterfront recreation. The two-unit layout supports leasing both sides, occupying one unit while renting the other, or using the property for personal stays and guests.
Key Highlights
- 1,896‑square‑foot furnished duplex with two units
- Each unit includes 2 bedrooms and 1 bath
- Brand‑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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished units offer updated kitchens, separate parking, private backyards, and outdoor showers near the beach.
Where is this duplex located?
The property is located at 7300 Sunset Ave Unit 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: 1,896‑square‑foot furnished duplex with two units; Each unit includes 2 bedrooms and 1 bath; Brand‑new kitchen cabinets and appliances in both units
