- beds
- —
- baths
- 50
- sq ft
- 33,060
- Built
- 1970
3510/ 3536 Saint John Street
Panama City, FL 32401
About this home
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.
Listing last checked: Listing updated:
Listed by Marcy L O'Donnell · Luxe Coastal Realty Group LLC · MLS #R11145658
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Details at a glance
Interior3 property facts
- Heating
- Electric
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other
Building3 property facts
- Style
- Multi Family
- Year built
- 1970
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 2.8 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Multi Family
Financial2 property facts
- Annual taxes
- $18,237
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $6,243,750 asking price. Adjust the assumptions to your situation.
Known monthly costs$33,092 / monthAdjust
- Principal & interest
- $31,572
- Property tax
- $1,520
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $18,237. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 3510/ 3536 Saint John Street
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