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Jennifer Hatcher

[email protected] +1(850) 685-8243

$ 599,000

Est. payment -/mo

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Price Dropped by $51K

141 Cheri Lane Panama City, FL 32404

9 Beds

8 Baths

4,280 SqFt

UPDATED:

10/31/2024 02:42 AM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,280 sqft

Price per Sqft $139

Subdivision No Named Subdivision

MLS Listing ID 955951

Bedrooms 9

Full Baths 5

Half Baths 3

Construction Status Construction Complete

HOA Y/N No

Year Built 1984

Annual Tax Amount $5,447

Tax Year 2023

Lot Size 0.260 Acres

Acres 0.26

Property Description

This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in

Location

State FL

County Bay

Area 27 - Bay County

Zoning Resid Multi-Family

Rooms

Kitchen First

Interior

Interior Features Floor Tile, Furnished - None, Newly Painted, Renovated

Exterior

Pool None

Utilities Available Electric, Public Sewer, Public Water

Private Pool No

Building

Lot Description Cleared, Dead End, Interior, Level

Story 2.0

Structure Type Roof Composite Shngl,Siding CmntFbrHrdBrd,Siding Wood

Construction Status Construction Complete

Schools

Elementary Schools Parker

Others

Energy Description AC - Central Elect,Heat Cntrl Electric,Water Heater - Elect

Financing Conventional,FHA,VA

Listed by Scenic Sotheby's International Realty

Jennifer Hatcher

Advisor | License ID: 3132696

+1(850) 685-8243

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