Panama City Beach, Fl, Vacation Rentals
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Panama City Beach, Fl, Vacation Rentals
34 Flex Properties Offered at $18,986,400 CAD in Panama City, FL
Investment Highlights
- AVERAGE NOI PAST 3 YEARS: $1,077,173.13
- GROSS INCOME 2022: $1,630,217.00 OPERATING EXPENSES 2022: $561,644.54
- Secure the value of your investment by enjoying significant long-term appreciation, while generation SOLID annual cash flow.
- GROSS INCOME 2023: $1,304.841.00 OPERATING EXPENSES 2023: $561,644.54
- GROSS INCOME 2021: $1,981,395.00 OPERATING EXPENSES 2023: $561,644.54
Executive Summary
Perfect opportunity to invest in Beach Front Properties in one of the Top 10 Vacation Destinations in the US!
Secure the value of your investment by enjoying significant long-term appreciation, while generation SOLID annual cash flow.
The portfolio consists of tastefully decorated and beach themed, 33 residential condos, located at 4 different complexes ( 28 are located in Laketown Wharf Resort, 2 are located in Grand Panama Resort, 2 are located in Tidewater Bech Resort and 1 is located in Aqua Beach Resort) which are currently used as vacation rentals and 1 commercial condo, which is currently leased out long term with NNN lease to a vacation rental company. Total of 34 individual unit.
Units can be purchased all together as a whole portfolio, or can be broken down into different parts, to match the needs of the Buyer ( fit a 1031 exchange), but if the portfolio is separated, the prices will likely differ. If you need to purchase part of the portfolio, please contact us for the up-to date pricing and availability.
Panama City Beach is located in the Florida's Panhandle and is one of the most visited destinations in the US, consistently being in the top 5 most visited beaches in the US , with about 20MM visitors annually, due to its strategic geographical location, with population of over 43MM within 400 miles radius.
AVERAGE NOI PAST 3 YEARS: $1,077,173.13
GROSS INCOME 2023: $1,304.841.00 / OPERATING EXPENSES 2023: $561,644.54 / NOI 2023 - $743,196.40
GROSS INCOME 2022: $1,630,217.00 OPERATING EXPENSES 2022: $561,644.54 / NOI 2022 - $1,068,572.00
GROSS INCOME 2021: $1,981,395.00 OPERATING EXPENSES 2023: $561,644.54 / NOI 2021 - $1,419,751.00
Secure the value of your investment by enjoying significant long-term appreciation, while generation SOLID annual cash flow.
The portfolio consists of tastefully decorated and beach themed, 33 residential condos, located at 4 different complexes ( 28 are located in Laketown Wharf Resort, 2 are located in Grand Panama Resort, 2 are located in Tidewater Bech Resort and 1 is located in Aqua Beach Resort) which are currently used as vacation rentals and 1 commercial condo, which is currently leased out long term with NNN lease to a vacation rental company. Total of 34 individual unit.
Units can be purchased all together as a whole portfolio, or can be broken down into different parts, to match the needs of the Buyer ( fit a 1031 exchange), but if the portfolio is separated, the prices will likely differ. If you need to purchase part of the portfolio, please contact us for the up-to date pricing and availability.
Panama City Beach is located in the Florida's Panhandle and is one of the most visited destinations in the US, consistently being in the top 5 most visited beaches in the US , with about 20MM visitors annually, due to its strategic geographical location, with population of over 43MM within 400 miles radius.
AVERAGE NOI PAST 3 YEARS: $1,077,173.13
GROSS INCOME 2023: $1,304.841.00 / OPERATING EXPENSES 2023: $561,644.54 / NOI 2023 - $743,196.40
GROSS INCOME 2022: $1,630,217.00 OPERATING EXPENSES 2022: $561,644.54 / NOI 2022 - $1,068,572.00
GROSS INCOME 2021: $1,981,395.00 OPERATING EXPENSES 2023: $561,644.54 / NOI 2021 - $1,419,751.00
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$1,835,128
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,835,128
|
| Taxes |
$173,979
|
| Operating Expenses |
$615,919
|
| Total Expenses |
$789,898
|
| Net Operating Income |
$1,045,231
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,835,128 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,835,128 |
| Taxes (CAD) | |
|---|---|
| Annual | $173,979 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $615,919 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $789,898 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,045,231 |
Property Facts
Properties
Show More > < Show Less
1 of 1
Amenities
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
-
Mihail Stoyanov - Michael Stoyanov
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Michael Stoyanov
Panama City Beach, Fl, Vacation Rentals
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.