5115 East 10th Street

Panama City, FL 32404

$1,495,000
Price
Beds
4,110 Sq. Ft.
$364 / Sq. Ft.
4,110
Sq. Ft.
$364
per Sq. Ft.

Description

Unique opportunity to add an excellent asset to your rental portfolio. Featuring 12 townhomes total the property boasts 11 two bedroom, 1.5 bath and 1 three bedroom 2.5 bath townhome. Featuring over 2 acres of land the property offers an opportunity for future expansion/development. Current ownership has completely renovated 3 of the 12 units - now achieving $1',250/month thus showing proof of concept for the next investor to complete the process. All units are separately metered for water/electric...Unique opportunity to add an excellent asset to your rental portfolio. Featuring 12 townhomes total the property boasts 11 two bedroom, 1.5 bath and 1 three bedroom 2.5 bath townhome. Featuring over 2 acres of land the property offers an opportunity for future expansion/development. Current ownership has completely renovated 3 of the 12 units - now achieving $1',250/month thus showing proof of concept for the next investor to complete the process. All units are separately metered for water/electric with tenant responsibility for utilities. Rare opportunity in a rapidly growing Florida market.

Property Details for 5115 East 10th Street

Waterfront
No
Subdivision Name
No Named Subdivision

Location

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LISTING UPDATED: 04/22/2024 08:15 AM

Property Details for 5115 East 10th Street

StatusActive
MLS #756003
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family / Multi Family
Year Built1983
Lot Size2.14 AC / 93,218 SF
CountyBay County

Location

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Building Information for 5115 East 10th Street

Stories-Residences-Year Built1983Building Size-Lot Size2.14 AC / 93,218 SF

Payment Calculator

$8,159 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5115 East 10th Street

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Traveling east on Highway 98, turn right on Transmitter, left on 11th St, right on Bob Little, left on 10th St, property is on the left.
  • Postal Code: 32404
  • Latitude: 30.16616
  • Longitude: -85.597815
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 15012-000-000
  • Association: No
  • Tax Legal Description: 1 4S 14W -91- 118A4 BEG 360' S & 500' E OF NW COR OF SE1/4 E 300' S 90' W 100' S 160' W 100' S 50' W 122' N 95' W 100' S 95' W 78' N 210' E 200' N 9 0' TO POB LESS MTG PRCLS PER REQUEST OF MR T 91.1-91.2-91.3 ORB 4666 P 801
School Information
  • Elementary School: Parker
  • High School: Rutherford
  • Middle Or Junior School: Everitt
Property
Lot Information
  • Building Area Total: 4110.0
  • Lot Size Acres: 2.14
Property and Assessments
  • Possible Use: Multi Family
  • Year Built: 1983
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Levels: Two
  • Stories: 2
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 5115 East 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5115 East 10th Street

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - PK to 5
Rating
School
Distance
Parker Elementary School
PublicPK to 5

Everitt Middle School
Public6 to 8

Rutherford High School
Public6 to 12

Springfield Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5115 East 10th Street is a multi-family home for sale in Panama City, FL 32404. This property was listed for sale on April 22, 2024, it's currently listed at $1,495,000. This listing's school district is Bay. Nearby schools include Parker Elementary School, Everitt Middle School and Rutherford High School. 5115 East 10th Street is a 0-bed, 0-bath, 4,110 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.