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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.
| DAYS ON MARKET | 237 | LAST UPDATED | 10/28/2024 |
|---|---|---|---|
| TRACT | No Named Subdivision | YEAR BUILT | 1984 |
| COMMUNITY | 27 - Bay County | COUNTY | Bay |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Parker |
|---|---|
| Jr. High School | Rutherford ( Middle ) |
| High School | Rutherford |
| PRICE HISTORY | |
| Prior to Oct 28, '24 | $650,000 |
|---|---|
| Oct 28, '24 - Today | $599,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 27 - Bay County |
| CONSTRUCTION | Fiber Cement |
| HEAT | Central, Electric |
| LOT | 0.26 acre(s) |
| LOT DESCRIPTION | Cleared, Level |
| LOT DIMENSIONS | 135x84 |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Fourplex |
| SUBDIVISION | No Named Subdivision |
| WATER | Public |
| ZONING | Resid Multi-Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Scenic Sotheby's International Realty
The information being provided is for consumers 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 believed to be accurate but is not guaranteed.
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
This IDX solution is (c) Diverse Solutions 2025.