5115 E 10th ST #A,B,C,D Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32404
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,174 sqft
Price per Sqft $164
Subdivision No Named Subdivision
MLS Listing ID 777480
Bedrooms 11
Full Baths 6
Half Baths 4
Year Built 1996
Annual Tax Amount $6,174
Tax Year 2024
Property Sub-Type Multi Family
Property Description
Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to ExpandDon't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied.Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner.With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central,Electric
Cooling Central Air,Electric,Multi Units
Exterior
Exterior Feature Patio
Parking Features Additional Parking,Driveway,Paved
Fence Partial
Pool Gunite,In Ground,Pool,Private
Utilities Available Cable Available,Cable Connected,Trash Collection
Roof Type Shingle
Building
Lot Description Additional Land Available,Cleared
Foundation Slab
Schools
Elementary Schools Parker
Middle Schools Rutherford Middle
High Schools Rutherford
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is