Multi-Family Space For Sale @ 114 Malaga Pl

Excellent Short Term Rental Opportunity. Two (2) Duplexes - Four (4) units in the famous Laguna Beach community on the West End of Panama City Beach. The rental units are one parcel off of Front Beach Road and a short stroll to the sugar-white sands along a stretch of dedicated beach. The parcel is zoned C-2 Plaza Commerical with a Future Land Use of Seasonal/ Resort (Bay County). Incredible Gulf views from all units. All units have similar floor plans, including 1,100 +/- SF 2 Bedroom, 1 .5 bathroom, kitchens, washer & dryer hook-up with an
outdoor deck overlooking the Gulf of Mexico attached to the southern facing bedrooms. The Laguna Beach location provides an excellent place for residents and guests alike with an opportunity to be a short-term rental powerhouse.

As a condition of sale, the Seller will cause or require 114 Malaga Pl (37440-003-000), to be connected to the City of Panama City force main sewer system utilizing a duplex grinder pump/ private lift station (as required by the City of PCB). The property is currently on a septic system with the drain field located on parcel # 37440-009-000. The Seller will retain ownership of the adjoining parcel including parcel number 37440-009-000. The sale will only include parcel number 37440-003-000. The Seller is offering to fund an escrow account for the grinder pump, sewer connection, impact fees, and abandonment of the existing septic tanks (required by the health department). Contractor proposals are available for review. A Post-Closing Escrow Agreement will be a condition of the sale and is a contingency to be executed during the Buyer Due Diligence/ Inspection Period. Contact the listing broker with any questions or to discuss further. This space offers accomodations for: lowrisegarden.