$1,190,000

3533 US-98, Panama City, FL 32401

  • 1,837 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2021
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $648/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.

Listing Status:
Active
Date Added:
November 9, 2025 at 06:00AM
Listing Office:
Keller Williams Success Realty : 850-249-0313
MLS ID:
781440
  • General: Block
  • Originating MLS: CPAR_CPAR
  • County: Bay
  • Zoning: 36 3S 15W W1/2 OF SW1/4 LOT 17 LESS HWY R/W BLK 10 ORB 4438 P 117129030-000-000
  • Source: CPAR_CPAR

This listing courtesy of Keller Williams Success Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lucille Moore Elementary School

1900 Michigan Ave, Panama City, FL, 32405

Grades PK-5

0.19 miles away

R

Rising Leaders Academy

1527 Lincoln Ave, Panama City, FL, 32405

Grades KG-12

0.98 miles away

B

Bay Virtual Instruction Program

1515 June Ave, Panama City, FL, 32405

Grades KG-11

1.73 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.