Address Not Shown
Panama City, FL 32404
5174 sqft | 11 beds | 8 baths | #777480
Description
Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to ExpandDon't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied.Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner.With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.
Property Details
- Utility FeaturesCable Available, Cable Connected, Trash Collection
- Lot DescriptionAdditional Land Available, Cleared
- Pool FeaturesGunite, In Ground, Pool, Private
- SubdivisionNo Named Subdivision
- Middle SchoolRutherford Middle
- Property TypeMulti-Family
- Short SaleListed As Is
- Property SubtypeMultiFamily
- High SchoolRutherford
- Original List Price$850,000
- Elementary SchoolParker
- Taxes Annual$6,174
- MLS #777480
- Cost850000
- MLS #777480
- Exterior MaterialsPatio
- Square Feet5174
- Year Built1996
- FoundationSlab
- CountyBay
- Bedrooms11
- Bathrooms8
- Full Baths6
- Half Baths4
- Pool1
- Days on Market (Cumulative)4
Location
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Last Updated: . Source: CPAR
Listing Courtesy
Listing Agent: Dien and Andrew Group (#TEDAG)
Listing Office: Think Real Estate (#TRE1)
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