141 Cheri Lane
Panama City, FL 32404
- 9 beds
- 8 baths
- 4,280 sqft
- 11,325 sqft lot
- $139 per sqft
- 1984 build
- – on site
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 in a 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.
Last checked:
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Last updated Oct 31, 2024
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MLS# 955951 —
The Building
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Year Built:1984
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Architectural Style:Fourplex
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Direction Faces:None
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Construction Materials:Roof Composite Shngl, Siding CmntFbrHrdBrd, Wood Siding
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Foundation Details:None
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Basement:None
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Patio And Porch Features:None
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Accessibility Features:None
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Security Features:None
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Levels:None
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Stories:2
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Building Area Total:4280.0
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Building Area Source:County PA Records
Interior
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Rooms Total:14
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Interior Features:Floor Tile, Furnished - None, Newly Painted, Renovated
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Flooring:None
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Location
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Directions:From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.
The Property
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Parcel Number:25249-300-000
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Property Type:Residential
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Property Subtype:Attached Single Unit
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Lot Features:Cleared, Dead End, Interior, Level
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Property Condition:Construction Complete
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Property Attached:None
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Lot Size Acres:0.26
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Lot Size Area:0.26
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Lot Size Dimensions:135x84
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Lot Size SqFt:11325.6
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Lot Size Units:Acres
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Zoning:Resid Multi-Family
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Possible Use:None
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Topography:None
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Waterfront:No
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Water Body Name:None
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Road Surface Type:Paved
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2023
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Tax Annual Amount:5447.05
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Tax Legal Description:W H PARKER PLAT (2.98) BEG 136.14'S OF NE COR LOT 27 TH CONT S 18' W 135' N 18' E 135' TO POB AKA PCL 6 ORB 3713 P 483
Beds
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Bedrooms Total:9
Baths
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Total Baths:6.5
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Total Baths:8
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Full Baths:5
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Half Baths:3
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Partial Baths:None
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Bathrooms Three Quarter:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Home Warranty:No
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electric, Public Sewer, Public Water
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Electric:None
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Sewer:None
Schools
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Elementary School:Parker
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Middle Or Junior School:Rutherford ( Middle )
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High School:Rutherford
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:No Named Subdivision
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Senior Community:No
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Pool Private:None
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Spa Features:None
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Pets Allowed:None
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Association:No
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Association Amenities:None
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Association Fee:None
Parking
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Carport:false
Monthly cost estimate
Asking price
$599,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,207
|
| Taxes | $453 |
| Insurance | $164 |
| Utilities | $246 See report |
| Total | $4,070/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/24
Oct 28, 2024
|
Price Changed | ECARMLS | $599,000 | -7.8% |
|
8/1/24
Aug 1, 2024
|
Listed / Active | ECARMLS | $650,000 |
