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$ 580,000
Est. payment /mo
Price Dropped by $40K
5115 E 10th ST #A, B, C, D Panama City, FL 32404
5,174 SqFt
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 $112
Subdivision No Named Subdivision
MLS Listing ID 777481
HOA Y/N No
Year Built 1996
Lot Size 1.800 Acres
Acres 1.8
Property Sub-Type Multi Family
Property Description
Investment Opportunity - 4-Unit Quadplex on 1.8 Acres with Expansion Potential
This rare multi-family property offers strong rental income and future growth opportunities. Sitting on 1.8 acres, it includes a four-unit townhome quadplex plus a rented mobile home, with plenty of space to add more units or amenities. Unit A is a spacious 3-bedroom, 2.5-bath home with approximately 1,400 square feet of heated and cooled space, a large fenced backyard, and a private pool. The remaining three units each feature 2 bedrooms, 1.5 baths, and approximately 903 square feet. All units are separately metered for water and electric, with tenants responsible for their own utilities. The mobile home on-site provides additional income, and the extra acreage offers excellent potential for future development, subject to local zoning. Conveniently located with easy access to Tyndall Air Force Base, shopping, and schools, this property is ideal for investors looking for immediate cash flow and long-term appreciation
This rare multi-family property offers strong rental income and future growth opportunities. Sitting on 1.8 acres, it includes a four-unit townhome quadplex plus a rented mobile home, with plenty of space to add more units or amenities. Unit A is a spacious 3-bedroom, 2.5-bath home with approximately 1,400 square feet of heated and cooled space, a large fenced backyard, and a private pool. The remaining three units each feature 2 bedrooms, 1.5 baths, and approximately 903 square feet. All units are separately metered for water and electric, with tenants responsible for their own utilities. The mobile home on-site provides additional income, and the extra acreage offers excellent potential for future development, subject to local zoning. Conveniently located with easy access to Tyndall Air Force Base, shopping, and schools, this property is ideal for investors looking for immediate cash flow and long-term appreciation
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central, Electric
Fireplace No
Exterior
Roof Type Shingle
Private Pool No
Building
Foundation Slab
Schools
Elementary Schools Parker
Middle Schools Everitt
High Schools Rutherford
Others
Tax ID 15012-000-000
Special Listing Condition Listed As-Is
Listed by Think Real Estate
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