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Active Multi Family
$6,243,750
3510/ 3536 Saint John Street, Panama City FL 32401, Panama City, FL 32401
0 Beds
Bedrooms
50 Baths
Bathrooms
— sqft
Living Area
1970
Year Built

About This Property

This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.

Property Details

Property Type Multi Family
Days on Market 182 days
HOA Fee None
Parking — spaces
Pool No
Waterfront No
Community
Pets Allowed

Location

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D
Dayron Crespo
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