About 141 Cheri Ln
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 ina 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.
Features of 141 Cheri Ln
| MLS® # | 955951 |
|---|---|
| Price | $599,000 |
| Bedrooms | 9 |
| Bathrooms | 8.00 |
| Full Baths | 5 |
| Half Baths | 3 |
| Square Footage | 4,280 |
| Acres | 0.26 |
| Year Built | 1984 |
| Type | Residential |
| Sub-Type | Attached Single Unit |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 141 Cheri Ln |
|---|---|
| Area | Bay County |
| Subdivision | No Named Subdivision |
| City | PANAMA CITY |
| County | BAY |
| State | FL |
| Zip Code | 32404 |
Amenities
| Utilities | Electric Available, Public Sewer Available, Public Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Floor Tile, Furnished - None, Newly Painted, Renovated |
|---|---|
| Heating | Heat: Central Electric |
| Cooling | A/C: Central Electric |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Roof Composite Shingle, Siding CmntFbrHrdBrd, Siding Wood |
|---|---|
| Lot Description | Cleared, Dead End, Interior, Level |
| Roof | Roof Composite Shingle |
School Information
| Elementary | PARKER |
|---|---|
| Middle | Rutherford High School ( Middle ) |
| High | Rutherford |
Additional Information
| Zoning | Residential Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Scenic Sotheby's International Realty |
|---|---|
| Contact Info | will@scenicsir.com |