141 Cheri Lane, Panama City, FL

$630,500

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9

Beds

8

Baths

4,280

Square feet

0.26

Acres

Description of 141 Cheri Lane

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.

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

Features of 141 Cheri Lane

MLS® # 986541
Price $630,500
Bedrooms 9
Bathrooms 8.00
Full Baths 5
Half Baths 3
Square Footage 4,280
Acres 0.26
Year Built 1984
Type Townhouse
Sub-Type Townhouse
Style Fourplex
Status Active

Community Information

Address 141 Cheri Lane
Area 27 - Bay County
Subdivision No Named Subdivision
City Panama City
County Bay
State FL
Zip Code 32404

Amenities

Utilities Electric, Public Sewer, Public Water

Interior

Interior Features Newly Painted
Appliances Electric Water Heater
Heating Central
Cooling Central Air
# of Stories 2

Exterior

Lot Description Cleared, Dead End, Interior Lot, Level
Roof Composite Shngl
Construction Wood Siding, Siding CmntFbrHrdBrd

School Information

Elementary Parker
High Rutherford

Additional Information

Zoning Resid Multi-Family

Listing Details

OfficeScenic Sotheby's International Realty
Contact Infowhitney@scenicsir.com
Contact Infowhitney@scenicsir.com

Price History for MLS #986541

Date Details Change
Price Reduced from $650,000 to $630,500 $19,500 (3.00%)

For more information call

(850) 325-0004

Listing Map

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