, Panama City, FL 32404 (MLS# 777480)

List Price/SqFt: 112.1

Status: Active

List Date: 2025-08-11

List Price: $580,000

Current Price: $580,000

Unit #: A,B,C,D

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Parker

Middle School: Rutherford Middle

High School: Rutherford

Directions: Heading south on bob little RD, turn left on e 10th st. units are locate on the left

Area: 02 - Bay County - Central

State: FL

Zip Code: 32404

County: Bay

Subdivision: No Named Subdivision

Legal Description: 1 4S 14W -91- 118A4 BEG 360' S & 500' E OF NW COR OF SE1/4 E 300' S 90' W 100' S 160' W 100' S 50' W 122' N 95' W 100' S 95' W 78' N 210' E 200' N 9 0' TO POB LESS MTG PRCLS PER REQUEST OF MR T 91.1-91.2-91.3 ORB 4666 P 801

Design: N/A

Apx SqFt(Htd/Cooled): 5174

Construction Status: Construction Complete

SqFt Source: Owner Measured

Half Baths: 4

Lot Dimensions: Irregular

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Multi Family

Bedrooms: 11

Full Baths: 6

Total Baths: 10

Year Built: 1996

HOA Fee: No

New Buyer Fee: No

Last Taxes: 6174

Last Tax Year: 2024

Brokerage Interest: No Interest

Remarks: Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to Expand Don'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.

Gunite Concrete: 1

Inground: 1

Range - Electric: 1

Foundation - Slab on Grade: 1

Roof - Dimensional Shg: 1

Siding - Stucco: 1

Fenced Lot-Part: 1

Patio Open: 1

Porch Open: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Addl Land Available: 1

Cleared: 1

Improved Lots: 1

County Road: 1

Paved Road: 1

Additional Parking: 1

Driveway: 1

Paved: 1

Resid Multi-Family: 1

Bedroom: 1

ShowingTime: 1

Cable - Available: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Phone - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

Second: 1

Central Air: 1

Electric: 1

Multi Units: 1

Central: 1

Electric: 1

Fire Alarm: 1