Panama City, FL·For Sale
3510/ 3536 Saint John Street
Offered at
$6,243,750
3510/ 3536 Saint John Street, Panama City, FL 32401
- 0
- Beds
- 50
- Full Baths
- 33,060
- Sq.Ft.
Listing courtesy of Marcy L O'Donnell, Luxe Coastal Realty Group LLC
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.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 3510/ 3536 Saint John Street, Panama City, FL 32401
- Zoning
- Multi Family
- MLS ID
- R11145658
- Listing Date
- 2025-12-05
- Last Updated
- 4/23/2026, 6:04:17 AM
- Days on Market
- 142
- Stories
- 2
Features & Amenities
The Details
Interior
- Flooring
- Other
Exterior
- Water Source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available
- Cooling
- Wall/Window Unit(s)
- Heating
- Electric
- Security
- Fire Sprinkler System
Details
- Building Area
- 33,060 sq.ft.
- Lot Size
- 121,968 sq.ft.
- Lot Size (Acres)
- 2.8 acres
- Stories
- 2
- Year Built
- 1970
- County
- Bay
- Zoning
- Multi Family
Financial
- List Price
- $6,243,750
- Original List Price
- $6,243,750
- Annual Tax
- $18,237/yr
- Tax Year
- 2025
Location
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Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.