3510/ 3536 Saint John ST, Panama City, FL 32401
3510/ 3536 Saint John ST, Panama City, FL 32401
3510/ 3536 Saint John ST, Panama City, FL 32401
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David Cohen

David Cohen

+1(305) 733-2218
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Est. payment /mo
50 Baths
33,060 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 33,060 sqft

MLS Listing ID R11145658

HOA Y/N No

Year Built 1970

Annual Tax Amount $18,237

Tax Year 2025

Lot Size 2.800 Acres

Acres 2.8

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Bay

Area 5940 - Other Florida County

Direction Follow US-98 E and US-98 BUS E to E 2nd St in Springfield. Take Kilbourn Ave to St John St. This property sits on 2 separate parcels separated by a small SFH.

Region Panama City

City Region Panama City

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Other

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Roof Type Metal

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Pets Allowed No

Tax ID 2338800000023389000000

Security Features Fire Sprinkler System

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

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BeachesMLS, Inc. (FLR) VOW
Listed by Marcy L O'Donnell Luxe Coastal Realty Group LLC

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3510/ 3536 Saint John ST

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David Cohen
David Cohen

REALTOR® Associate License ID: SL3237271

+1(305) 733-2218 | davidcohenrealty@gmail.com

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