617 Gardenia St APT A, Panama City Beach, FL 32407

Quadplex apartments fully rented and walking distance of around 100 yards to the public beach access and view of the Gulf. This unique property has a brick four plex built in 2000, with each unit having 1 bedroom and 1 bath. Units are renting for $750 per month and fully occupied. Tenants pay for the electricity and owner pays the water/sewer. In addition, there are five individual cottages fully rented at $550 each. These units have a gulf view and centrally located. The sellers are collecting over $70,000 per year gross in rental income. These units are low maintenance and a great investment and tax shelter. Must purchase the cottages also as a package at $745,000. Quadplex will not be sold separately.