Rare two-unit opportunity on one parcel in Panama City Beach with R-4 zoning and multiple exit strategies. This property includes two mobile homes—a 3BR/2BA and a 2BR/2BA—with separately metered utilities, city water and sewer, and utilities already in place, making it an ideal setup for investors, house-hackers, or builders looking for flexibility. The 3BR/2BA needs only minimal repairs and cleanup to get rent-ready, while the 2BR/2BA is currently rented for $1,050 per month with a month-to-month tenant who pays their own utilities, providing immediate income with simple management. Located across the street from a canal, the property offers strong upside whether you keep both as rentals, improve the 3/2 to maximize cash flow, live in one and rent the other, or pursue future development—seller has confirmed with the county that a duplex could also be built on the lot (buyer to verify zoning, setbacks, density, permitting, and all requirements). Call agent for showing information. Buyer to verify all information deemed important, including zoning/build potential, measurements, and rental details.