FL > Panama City > No Named Subdivision
Panama City, FL 32404,Address not disclosed
Panama City, FL 32404,Address not disclosed
Panama City, FL 32404,Address not disclosed
38
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$850,000
Est. payment /mo
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11 Beds
10 Baths
5,174 SqFt
Active

Address not disclosed Panama City, FL 32404

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Randall Fisher

Randall Fisher

+1(850) 249-2050

UPDATED:

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

HOA Y/N No

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

Furnishings Unfurnished

Fireplace No

Appliance Electric Range

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

Porch Open, Porch

Private Pool Yes

Building

Lot Description Additional Land Available, Cleared

Foundation Slab

Schools

Elementary Schools Parker

Middle Schools Rutherford Middle

High Schools Rutherford

Others

Tax ID 15012-000-000

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by Think Real Estate

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agent

Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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