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39
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$6,243,750
Est. payment /mo
1.51 Acres Lot
New
3510/ 3536 Saint John Street Panama City, FL 32401
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Key Details
Property Type Single Family Home, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 990826
Lot Size 1.510 Acres
Acres 1.51
Property Description
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.
Location
State FL
County Bay
Area 27 - Bay County
Listed by Luxe Coastal Realty
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