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3510 St John StreetListing photo id 1 for 3510 St John Street Listing photo id 2 for 3510 St John Street Listing photo id 3 for 3510 St John Street Listing photo id 4 for 3510 St John Street Listing photo id 5 for 3510 St John Street Listing photo id 6 for 3510 St John Street Listing photo id 7 for 3510 St John Street Listing photo id 8 for 3510 St John Street Listing photo id 9 for 3510 St John Street Listing photo id 10 for 3510 St John Street Listing photo id 11 for 3510 St John Street Listing photo id 12 for 3510 St John Street Listing photo id 13 for 3510 St John Street Listing photo id 14 for 3510 St John Street Listing photo id 15 for 3510 St John Street Listing photo id 16 for 3510 St John Street Listing photo id 17 for 3510 St John Street Listing photo id 18 for 3510 St John Street Listing photo id 19 for 3510 St John Street Listing photo id 20 for 3510 St John Street Listing photo id 21 for 3510 St John Street Listing photo id 22 for 3510 St John Street Listing photo id 23 for 3510 St John Street Listing photo id 24 for 3510 St John Street Listing photo id 25 for 3510 St John Street Listing photo id 26 for 3510 St John Street Listing photo id 27 for 3510 St John Street Listing photo id 28 for 3510 St John Street Listing photo id 29 for 3510 St John Street Listing photo id 30 for 3510 St John Street Listing photo id 31 for 3510 St John Street Listing photo id 32 for 3510 St John Street Listing photo id 33 for 3510 St John Street Listing photo id 34 for 3510 St John Street Listing photo id 35 for 3510 St John Street Listing photo id 36 for 3510 St John Street Listing photo id 37 for 3510 St John Street Listing photo id 38 for 3510 St John Street Listing photo id 39 for 3510 St John Street
  • MLS#: 769968 ( CommercialSale )
  • Street Address: 3510 St John Street
  • Viewed: 20
  • Price: $6,750,000
  • Price sqft: $204
  • Waterfront: No
  • Year Built: 1970
  • Bldg sqft: 33060
  • Days On Market: 90
  • Additional Information
  • Geolocation: 30.1474 / -85.6142
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cherry Street
  • Middle School: Everitt
  • High School: Rutherford
  • Provided by: Luxe Coastal Realty Group LLC
  • DMCA Notice
  • Description
    Welcome to an exceptional investment opportunity in the thriving multifamily sector a 50 unit garden style apartment community now available for sale. This meticulously maintained property is perfectly poised for the discerning investor seeking both stability and growth potential. Comprised of a diverse mix of units, the community offers 8 one bedroom, 20 two bedroom, 12 three bedroom, and 10 four bedroom apartments, catering to a wide range of tenants. With 42 of the units elegantly renovated since 2020, residents enjoy modern amenities and finishes, including composite flooring, fresh interior paint, and updated windows. Significant capital improvements have been made to ensure long term durability and reduced maintenance costs, such as all new metal roofs and substantial replacements of HVAC systems and hot water heaters. The property also boasts new breaker panels and exterior electric panels, further enhancing its modern appeal and efficiency. Achieving a remarkable 95% occupancy rate, this community is a proven performer in the rental market. Additionally, a $4.57 million fixed rate, 3.75% assumable non recourse financing offers a competitive edge, making this an even more attractive investment. Don't miss the chance to acquire a multifamily asset with significant improvements, strong occupancy, and favorable financing an ideal addition to any real estate portfolio.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Rutherford
Insurance Expense
  1. 0.00
Legal Description
  1. 11 4S 14W -366.4- 118C4 BEG 787' N & 500' W OF SE COR OF SW1/4 OF SE1/4 TH W 285' S 256' E 285' N 256' TO POB ORB 4161 P 1823AND11 4S 14W -366.5- 118C4 BEG 600' N OF SE COR OF SW1/4 OF SE1/4 W 300' N 187' E 300' S 187' TO POB TOGETHER WITH ESMT ORB 4161 P 1823
Levels
  1. Two
Living Area
  1. 0.00
Middle School
  1. Everitt
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 23388-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. MultiFamily
Property Type
  1. CommercialSale
School Elementary
  1. Cherry Street
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 20
Year Built
  1. 1970