
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020-featuring updated flooring, fresh paint, windows, and fixtures-the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility...This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020-featuring updated flooring, fresh paint, windows, and fixtures-the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
View MoreCourtesy of
Agency Name: Luxe Coastal Realty Group LLC
Agency Phone: 848-220-5555
Agent Name: Marcy L O'Donnell
Presented by
Agent Name: Timothy Slappey
Agent Phone: 772.285.9904
Agency Title: The Keyes Company
Request Info
Send an email with a link to
3510/ 3536 Saint John Street, Panama City, FL 32401.
Email 3510/ 3536 Saint John Street, Panama City, FL 32401
Thank you for your inquiry! As a thank you, we have a Special Mortgage Offer for You.
We would like to provide you a free, no-obligation, home loan pre-approval review.