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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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3510 / 3536 Saint John St , Panama City, FL 32401
$6,243,750
Est. Payment: $13,875.00/mo
0 Bed
0 Bath
33060 Sqft
Status: Active | Days on site: 277
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FLL251008652 - FLL251007897
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House 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. 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.

Highlights

Listed by Marcy L O'Donnell , 848-220-5555 Luxe Coastal Realty Group LLC , 848-220-5555.

Property Type

Commercial Sale

Lot/Acreage
2.8

Year Built

1970

County

Bay

Area

5940 Florida Other

Listing ID

R11145658

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Zoning:Multi Family
Roof:Metal
Sewer:Public Sewer
Principal Interest
$13,875
Taxes
$1,520

Home Price

$6,243,750

Loan Details

30 yrs
%

Down Payment

20%
$1,248,750
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,875.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,875.00 $1,519.75 $0.00 $15,394.75
Yearly $166,500.00 $18,237.00 $0.00 $184,737.00
Total $4,995,000.00 $547,110.00 $0.00 $5,542,110.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.