USAFLPanama City BeachTreasure Cove2605 Redwood St
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$1,010,000

11 days ago

2605 Redwood St, Panama City Beach, FL

10 Bed

8 Bath

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MLS® 785031

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Duplex
Levels Residential
Size -
Garage No
Taxes $4,271
Days Active 10
Lot Size 0.19 acres
Approx. Age 1978
MLS® Number 785031

Property Address: 2605 Redwood St, Panama City Beach, FL, 32408-6315

Average square foot calculated using Size range provided by listing agent.

Description

Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow. The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms. All apartments have been renovated with new kitchen, new flooring throughout, and Energy saving appliances. Appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank. With all apartments currently rented, the property generates an estimated Net Operating Income of $70, 000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk. Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year. No signs on the property, please do not disturb tenants.
MLS® Number785031
Laundry Level
Central VacNo
FireplaceNo
Acreage0.19
Exterior
GarageNo
Approx. Age1978
Basement
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 1:Second Floor10 × 10 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$1,010,000List Price
  • Commute

Commute

Starting Address
Destination Address
2605 Redwood St, Panama City Beach, FL

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