3510/ 3536 Saint John Street
Panama City, FL 32401
About
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.
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
0
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
-
Garage
No
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Pool
No
Area & Lot
-
Lot Size(acres)
1.51
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Lot Size(square feet)
65775.6
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Property Type
Commercial Sale
Price
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Sales Price
$6,243,750
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
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High School
N/A
Schedule
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Location
-
County
Bay
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Elementary School
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Middle School
-
High School
Listing Courtesy of Marcy L O'Donnell , Luxe Coastal Realty
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EXP LUXURY GROUP 30A
30A Luxury Group
Call EXP LUXURY today to schedule a private showing.
Phone (850) 687-1064
Email Info@search30a.com
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