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Active
$6,243,750
3510/ 3536 Saint John Street, Panama City FL 32401
📍 Panama City, FL, 32401
🚿50Baños
🌿2.80Acres lote
🏗1970Año constr.

Descripción

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.

Detalles de la propiedad

Tipo / Type Commercial Sale
Subtipo / Subtype Multi Family
Estado / Status Active
Condado / County Bay County
Código postal / ZIP 32401
Año construido / Year built 1970
Terreno / Lot 2.8000 acres
Listing Key 9ba46119ad5ce0d9e6e4b7e0a117557c

Ubicación

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