$425,000

2810 W 15th Street, Panama City, FL 32401

2,384 sqft

Commercial Property
Built in 1940
0.42acre lot
—— car garage
$178/sqft
Listed 13 days ago

Property Description

Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL—Historic St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3-bedroom, 2-bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 - $1,200 a month. Unit 3 and 4 - $450 a week. Water bill $500 a month for all 4 units. Electric - $300-$400 a month for 4 units. Solar panels - $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income. Don't miss out — call today to schedule the showing!

Listing Status:: Active
Date Added:: November 21, 2025 at 06:00AM
Listing Office:: Coldwell Banker Realty : 850-234-6696
MLS ID:: 781953

General: Vinyl Siding

Originating MLS: CPAR_CPAR
County: Bay

Zoning: 36 3S 15W SE1/4 LOTS 10 & 11 & 12 LESS ST RD R/W BLK 25 ORB 4433 P 136529504-000-000

Source: CPAR_CPAR

This listing courtesy of Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lucille Moore Elementary School

1900 Michigan Ave, Panama City, FL, 32405

Grades PK-5

0.67 miles away

Rising Leaders Academy

1527 Lincoln Ave, Panama City, FL, 32405

Grades KG-12

0.52 miles away

Bay Virtual Instruction Program

1515 June Ave, Panama City, FL, 32405

Grades KG-11

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.