Four-unit Quadplex on 1.8 Acres with Development Potential

USD $850,000
5115 East 10th Street #A,B,C,D, Panama City, Florida, 32404, USA

Property Highlights

  • 4-Unit quadplex on 1.8 acres
  • Separate water and electric meters
  • Large fenced backyard and private pool
  • Additional rented mobile home included
  • Close to Tyndall Air Force Base
  • Expansion potential with extra acreage

Overview

Investment Opportunity - 4-Unit Quadplex on 1.8 Acres with Expansion Potential This rare multi-family property offers strong rental income and future growth opportunities. Sitting on 1.8 acres, it includes a four-unit townhome quadplex plus a rented mobile home, with plenty of space to add more units or amenities. Unit A is a spacious 3-bedroom, 2.5-bath home with approximately 1,400 square feet of heated and cooled space, a large fenced backyard, and a private pool. The remaining three units each feature 2 bedrooms, 1.5 baths, and approximately 903 square feet. All units are separately metered for water and electric, with tenants responsible for their own utilities. The mobile home on-site provides additional income, and the extra acreage offers excellent potential for future development, subject to local zoning. Conveniently located with easy access to Tyndall Air Force Base, shopping, and schools, this property is ideal for investors looking for immediate cash flow and long-term appreciation
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Property Features

5115 East 10th Street #A,B,C,D, Panama City, Florida, 32404, USA offers the following features:

Property Type: Residential Multi Family
Status: Active
Reference ID: 777481

What's Nearby

Local businesses near 5115 East 10th Street #A,B,C,D, Panama City, Florida, 32404, USA:

Public Transportation: < 1 mile
Gym: < 1 mile
Grocery/Shopping Center: < 1 mile
School: 1 mile
Police Station: 1.3 miles
Hospital: 3 miles

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