Teel & Waters Real Estate Company Inc
    850-582-3822
    499 N Ferdon Blvd Crestview, FL 32536

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    141 Cheri Lane Panama City, FL 32404

    Main photo of property

    No Named Subdivision
    MLS Number: 955951

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    • How Many Views 36 Views
    • Property Type Attached Individual Unit
    • Square Foot of House 4,280 Sq Ft
    • Number of Beds 9 Beds
    • Number of Baths 5 / 3 Baths
    • Share
    • $599,000


    This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located ina great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.

    Listing provided courtesy of Scenic Sotheby's International Realty

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    • Architecture

      • Year Built: 1984
      • Stories: 2
      • Project Facilities:
      • Construction: Construction Complete
    • Interior Features

      • Square Footage: 4280
      • Appliances:
      • Interior Features: Floor Tile, Furnished - None, Newly Painted, Renovated
    • Property Features

      • Lot Access: Paved Road
      • Lot Description: Cleared, Dead End, Interior, Level
      • Waterview:
      • Parking:
      • Utilities: Electric,Public Sewer,Public Water
      • Zoning:
    • Community

      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
      • Elementary: Parker
      • Middle: Rutherford ( Middle )
      • High: Rutherford

Current Data as of Wed Jan 15 4:45:43 CST 2025
Information Deemed Reliable but not guaranteed. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2022, All rights reserved. Vendor Number : 28183