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 a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.
Property Features
Bedrooms
- Bedrooms: 9
- Primary Bedroom Dimensions: 9.0 x 13.0
- 2nd Primary Bedroom Dimensions: 9.0 x 13.0
- Bedroom 1 Dimensions: 9.0 x 13.0
- Bedroom 2 Dimensions: 9.0 x 13.0
- Bedroom 3 Dimensions: 9.0 x 13.0
- Bedroom 4 Dimensions: 9.0 x 13.0
- Primary Bedroom Level: Second
- 2nd Primary Bedroom Level: Second
- Bedroom 1 Level: Second
- Bedroom 2 Level: Second
- Bedroom 3 Level: Second
- Bedroom 4 Level: Second
Other Rooms
- Total Rooms: 14
- Half Bathroom: 6.00 x 3.00
- Half Bathroom Level: First
- Master Bedroom: 13.00 x 9.00
- Master Bedroom Level: Second
- Master Bedroom: 13.00 x 9.00
- Master Bedroom Level: Second
- Full Bathroom: 10.00 x 6.00
- Full Bathroom Level: Second
- Full Bathroom: 10.00 x 6.00
- Full Bathroom Level: Second
- Full Bathroom: 10.00 x 6.00
- Full Bathroom Level: Second
- Living Room Dimensions: 13.0 x 13.0
- Living Room Level: First
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 5
- 1/2 Bathrooms: 3
Interior Features
- Floor Tile
- Newly Painted
- Renovated
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 8.0 x 10.0
- Kitchen Level: First
Land Info
- Cleared
- Dead End
- Interior
- Level
- Lot Description: Cleared, Dead End, Interior, Level
- Lot Size Acres: 0.26
- Lot Size Dimensions: 135x84
- Lot Size Square Feet: 11326
Exterior and Lot Features
Rental Info
- Existing Lease Type: Month To Month
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Parker
- High School: Rutherford
- Middle School: Rutherford ( Middle )
Other Property Info
- Annual Tax Amount: 5447.050000000
- Source Listing Status: Active
- County: Bay
- Directions: From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.
- Tax Year: 2023
- Source Property Type: Residential
- Area: 27 - Bay County
- MLS Area Minor: 2702 - Bay - Central SE
- Source Neighborhood: No Named Subdivision
- Parcel Number: 25249-300-000
- Subdivision: No Named Subdivision
- Zoning: Resid Multi-Family
- Property Subtype: Attached Single Unit
- Source System Name: C2C
Accessibility Features
Building and Construction
- Total Square Feet Living: 4280
- Year Built: 1984
- Building Area Source: County PA Records
- Building Area Total: 4280
- Building Exterior Type: Roof Composite Shngl, Siding CmntFbrHrdBrd, Wood Siding
- Construction Materials: Roof Composite Shngl, Siding CmntFbrHrdBrd, Wood Siding
- Property Age: 40
- Property Condition: Construction Complete
- Levels or Stories: 2
- House Style: Fourplex
- Architectural Style: Fourplex
Utilities
- Electric
- Public Sewer
- Public Water
Home Features
- Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
