3510 St John Street

Panama City, FL 32401

Welcome to an exceptional investment opportunity in the thriving multifamily sector--a 50-unit garden-style apartment community now available for sale. This meticulously maintained property is perfectly poised for the discerning investor seeking both stability and growth potential. Comprised of a diverse mix of units, the community offers 12 one-bedroom, 22 two-bedroom, 18 three-bedroom, and 8 four-bedroom apartments, catering to a wide range of tenants. With 42 of the units elegantly renovated since 2020, residents enjoy modern amenities and finishes, including composite flooring, fresh interior paint, and updated windows. Significant capital improvements have been made to ensure long-term durability and reduced maintenance costs, such as all-new metal roofs and substantial replacements of HVAC systems and hot water heaters. The property also boasts new breaker panels and exterior electric panels, further enhancing its modern appeal and efficiency. Achieving a remarkable 95% occupancy rate, this community is a proven performer in the rental market. Additionally, a $4.57 million fixed-rate, 3.75% assumable non-recourse financing offers a competitive edge, making this an even more attractive investment. Don't miss the chance to acquire a multifamily asset with significant improvements, strong occupancy, and favorable financingan ideal addition to any real estate portfolio.

Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Emerald Coast Association of Realtors MLS.
Last checked: 2025-04-21 10:17 AM UTC