$289,900
For Sale

9860 S Thomas Drive #UNIT 114

Panama City Beach, FL 32408
152 sqft | 1 bed | 2.00 baths | #957411
Browse 33 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Incredible Investment Opportunity! *Kitchen cabinets have been re-painted and are now white - see updated photos.* This is as turn-key as it gets as this is being sold fully-furnished! Everything you see in the photos convey including TVs/furniture/linens, etc. Seller will transfer all future bookings to buyer upon sale. 1BR/2BA Lake-view condo at the beautiful Laketown Wharf Beach Resort. This 1047 sqft unit offers spectacular lake views from the 1st floor, sitting right above the boardwalk. Gross Rental Income 2021/$33,543, 2022/$27,882, 2023/$20,757, and 2024 $18,669 through August. Rental projections are right around $30-35k/annually. (Seller has been using the condo more over the last few years for personal use and family, thus the decline in GRI).

  • Property Details
      • InteriorBreakfast Bar, Floor Tile, Floor WW Carpet New, Furnished - Some, Kitchen Island, Lighting Track, Newly Painted, Renovated, Washer/Dryer
      • Exterior FeaturesBalcony, BBQ Pit/Grill, Deck Open, Dock, Hot Tub, Patio Covered, Patio Open, Pavillion/Gazebo, Pool - Heated, Pool - In-Ground, Shower, Spr
      • Community FeaturesBBQ Pit/Grill, Dock, Dumpster, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Short Term Rental - Allowed, T
      • AppliancesDishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
      • EnergyAC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
      • Utility FeaturesElectric, Phone, Public Sewer, Public Water, TV Cable
      • Exterior MaterialsConcrete, Foundation On Piling, Stucco
      • SubdivisionLaketown Wharf Phase II
      • Property ConditionConstruction Complete
      • Elementary SchoolBreakfast Point
      • Middle SchoolBreakfast Point
      • Property SubtypeCondominium
      • Hoa Fee FrequencyQuarterly
      • Property TypePurchase
      • Hoa Fees2310.00
      • Square Feet152.00
      • High SchoolArnold
      • Taxes Annual$3,337
      • MLS #957411
      • Cost289900
      • MLS #957411
      • Bathrooms2.00
      • Year Built2008
      • Taxes Annual Year2023
      • StyleN/A
      • Bedrooms1
      • Pool1

Location

Relonda Simone | Keller Williams Rlty Atl PartKeller Williams Rlty Atl Part
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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