Doralis Ruiz - Domi Real Estate Advisors Logo
$6,243,750
 $33,518 est/mo Sourced by Back At You

3510/ 3536 Saint John Street,Panama City, FL 32401

Panama City, FL 32401

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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 2020featuring updated flooring, fresh paint, windows, and fixturesthe 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.

Details

MLS #R11145658
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site275
Listing Provided ByLuxe Coastal Realty Group LLC | Marcy L O'Donnell

Features

SQ Feet33,060
Story(s)2
Units50
ZoningMulti Family
Acreage2.80

Taxes

Tax Annual Amount18237

Area Information

StateFL
CountyBay
CityPanama City
Zip Code32401
Area5940 Florida Other
SubareaOther Geographic Area (Out Of Area Only)
Listing VS Median (in 32401)
Price:
$6,243,750
low | high
Med:
$6,243,750
50% of Average
sqft:
33,060
low | high
Med:
33,060
50% of Average
$ / sqft:
$189
low | high
Med:
$189
50% of Average
On site:
275
low | high
Med:
275
100% of Average
Sourced by Back At You

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Learn More About This Property

Doralis Ruiz

Doralis Ruiz

DoMi Real Estate Advisors

SL3472736 (305) 979-2822doralis@domirealestate.com
StateFL
CountyBay
CityPanama City
Zip Code32401
Area5940 Florida Other
SubareaOther Geographic Area (Out Of Area Only)
Listing VS Median (in 32401)
Price:
$6,243,750
low | high
Med:
$6,243,750
50% of Average
sqft:
33,060
low | high
Med:
33,060
50% of Average
$ / sqft:
$189
low | high
Med:
$189
50% of Average
On site:
275
low | high
Med:
275
100% of Average
Sourced by Back At You
Listing Updated: June 15, 2026 at 12:28:15 AM PDT

Doralis Ruiz - Domi Real Estate Advisors