Located just 10 miles from both Mexico Beach and Cape San Blas, and close to schools, shopping, and dining, this property sits in a desirable area with strong rental appeal. Zoned R2B Short term rental allowed. Flood X Zone Let your imagination run wild with the possibilities of this 4-bedroom,1-bath brick home offers a great opportunity for investors seeking a value-add property with rental income potential. While the home needs some work, it features solid construction, roof update in 2023, and a spacious backyard. An appraisal has already been completed, and the property is listed below appraised value offering built-in equity from day one. The seller is motivated and ready to make a deal. The home is currently occupied by a reliable month-to-month tenant, providing residual income. Please note that no appliances are included, as they belong to the tenant. If you're looking for your next investment project with great potential this one checks all the boxes. Close to all the Port St Joe restaurants and shopping Please note, no appliances included, as belong to the tenant.