Find Your Emerald Coast Home Live the Gulf Life!

5115 E 10th Street A,B,C,D

Panama City , FL 32404

MLS#: 777480

$650,000

Status: Active
Listing number: 777480
Listing provided by: Think Real Estate
Listing agent phone: None
Last update: 2 days ago
On site: 6 months ago
Browse Properties
No Named Subdivision - Residential

Property

Beds

11

Full Baths

6

1/2 Baths

4

Year Built

1996

Sq.Footage

N/A

Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to Expand Don't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied. Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner. With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.

Features & Amenities

Interior

  • Total Bedrooms

    11

  • Bathrooms

    6

  • 1/2 Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    Central Air, Multi Units

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Additional Parking, Paved

  • Patio and Porch Features

    Patio, Porch

  • Pool

    Yes

  • Pool Features

    Gunite, In Ground, Private

Area & Lot

  • Lot Features

    Paved

  • Property Type

    Residential

Price

  • Sales Price

    $650,000

  • Tax Amount

    $6,174

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Parker

  • Middle School

    Rutherford Middle

  • High School

    Rutherford

Property Features

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Parker

Middle School

Rutherford Middle

High School

Rutherford

Listing Courtesy of Dien and Andrew Group , Think Real Estate

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Agent Connie Rivera

REALTOR®

Connie Rivera

Call Connie today to schedule a private showing.

(850) 541-5980

Connie@GulfLifeGo.com


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Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to Expand Don't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied. Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner. With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.

5115 E 10th Street A,B,C,D

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