3510/ 3536 Saint John Street
Panama City, FL 32401

Property

Ownership: Commercial
Type: Multi-Family
Area: 5940 sq ft

Financials

Price:$6,243,750
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Luxe Coastal Realty Group LLC

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 ...

Description

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.

Unbranded Virtual Tour: https://www.propertypanorama.com/3510-3536-Saint-John-Street-Panama-City-FL-32401/unbranded

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.