555 Palermo Road Unit 555, Panama City, FL 32405

Sold Price
List Price
Closing Date
Dec 29, 2023
Sq. Ft
Lot Size
St. Andrews Bay Dev. Co.
Year Built

Property Description

Welcome to your next investment opportunity! This meticulously maintained 3-bedroom, 2.5-bathroom townhome is a savvy investor's dream, offering versatile rental options for both short and long-term leases. Rentals in this community are grossing between $1,700 - $2,000 a month! The property boasts solar panels that will be fully paid off at closing, providing the new owner with the advantage of significantly reduced energy costs and an eco-friendly footprint.Say goodbye to high utility bills - with very low water/trash expenses at $112.96 and an electric bill of only $149.58, this home is not only energy-efficient but also budget-friendly. Plus, with no HOA fees, you'll enjoy even greater financial flexibility.As an added incentive, the seller is offering a generous $5,000 credit for new flooring, allowing you to customize and enhance the interior to your liking. The thoughtful home improvements include a master bath renovated in 2019 with freshly painted walls and cabinets, stylish wallpaper, a chair rail molding, a new mirror, and an upgraded shower head.The main bath, recently updated in 2023, features painted walls and cabinets, new wallpaper, a modern shower head, a new mirror, and improved plumbing fixtures for the tub, including new tank-to-bowl bolts on the toilet. The half bath, also renovated in 2023, showcases painted walls and cabinets, new wallpaper, a new chair rail molding, faux shrub walls for added charm, a new toilet, a new mirror, and a new door frame.The kitchen is a culinary delight with a newly installed induction stove (2022), a replaced overhead microwave (2020), and lower cabinets featuring new maple wood doors and drawers (2022). The upper cabinets and walls have been freshly painted, creating a bright and inviting space for meal preparation.Additional improvements include a painted laundry room (2019), a front of the house adorned with a freshly painted door, the removal of 5 bushes over time, and the strategic planting of 3 Vitex bushes along the driveway. The backyard has seen significant upgrades, including the removal of a dilapidated shed, the replacement of 35% of cobblestone concrete, and the installation of a new section of lattice fence and regular fence.The living room and dining room are infused with a fresh coat of paint, creating a modern and cohesive living space. Upstairs, you'll find freshly painted walls and a painted door to the AC unit. Other noteworthy improvements include a new roof in 2022, a new indoor AC unit in 2020, a new mailbox, and the installation of an access panel in the living room ceiling for easy maintenance access to the main bath pipes.Don't miss out on this prime investment opportunity with a home that combines cost-saving features, modern upgrades, and the potential for lucrative rental income. Schedule a showing today and envision the possibilities that await in this turnkey property!

Additional Information

Interior Features
Fireplace, Pantry
Exterior Features
Lot Dimensions
27 x 141
Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
Elementary School
Middle School
High School

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Think Real Estate. Selling Office: Think Real Estate.