3510/ 3536 Saint John ST, Panama City, FL 32401
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Deanna Correa

Deanna Correa

+1(786) 251-7797
$ 6,243,750
Est. payment | /mo

33,060 SqFt

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$ 6,243,750
Est. payment | /mo
Save Virtual Tour

33,060 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 33,060 sqft

Price per Sqft $188

MLS Listing ID R11145658

HOA Y/N No

Year Built 1970

Annual Tax Amount $18,237

Tax Year 2025

Lot Size 2.800 Acres

Acres 2.8

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Bay

Area 5940 Florida Other

Direction Follow US-98 E and US-98 BUS E to E 2nd St in Springfield. Take Kilbourn Ave to St John St. This property sits on 2 separate parcels separated by a small SFH.

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Other

Exterior

Utilities Available Cable Available

Roof Type Metal

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 2338800000023389000000

Security Features Fire Sprinkler System

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Luxe Coastal Realty Group LLC

Learn More About LPT Realty

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3510/ 3536 Saint John ST