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141 Cheri Lane, Panama City, FL 32404 Active 1 / 22
$630,500

141 Cheri Lane, Panama City, FL 32404

Panama City, FL 32404
  • 9 Beds
  • 8 Baths
  • 4,280 Sq Ft
  • 1984 Built
  • MLS 986541

About this home

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.

Property details

Property typeTownhouse
StatusActive
Area27 - Bay County
SubdivisionNo Named Subdivision
CityPanama City
CountyBay
Zip32404
StyleFourplex
Taxes$5,748
Tax year2024
Special conditionsAccept Backup Offers

Interior

Total rooms14
Full baths5
Half baths3
AppliancesElectric Water Heater
CoolingCentral Air
HeatingCentral
FlooringTile
Interior featuresNewly Painted
FurnishedUnfurnished

Exterior & lot

Lot size0.26 acres
Lot dimensions135x84
RoofComposite Shngl

Schools

ElementaryParker
HighRutherford

Community

DirectionsFrom Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.

Data source: Emerald Coast Association of REALTORS®

Location

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