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Wade M. Berlin

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Broker IDX Sites Inc.
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Property Photos
5115 10th Street A,b,c,d
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PRICED AT ONLY: $850,000

Address: 5115 10th Street A,b,c,d, Panama City, FL 32404

Description

Prime Investment Property Quadplex + Mobile Home on 1.8 Acres with Room to Expand Don't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four unit townhome quadplex, anchored by a spacious 3 bedroom, 2.5 bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well maintained and tenant occupied. Adding even more value, the property includes a 3 bedroom, 2 bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner. With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income producing asset or a development project with huge upside, this property delivers on all fronts.
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  • MLS#: 777480 ( Residential )
  • Street Address: 5115 10th Street A,b,c,d
  • Viewed: 5
  • Price: $850,000
  • Price sqft: $164
  • Waterfront: No
  • Year Built: 1996
  • Bldg sqft: 5174
  • Bedrooms: 11
  • Total Baths: 10
  • Full Baths: 6
  • 1/2 Baths: 4
  • Days On Market: 42
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Patio
  • Fencing: Partial
  • Living Area: 0.00
Land Information
  • Lot Features: AdditionalLandAvailable, Cleared, Paved
School Information
  • High School: Rutherford
  • Middle School: Rutherford Middle
  • School Elementary: Parker
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, Driveway, Paved
Eco-Communities
  • Pool Features: Gunite, InGround
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, MultiUnits
  • Heating: Central, Electric
  • Road Frontage Type: CountyRoad
  • Sewer: PublicSewer
  • Utilities: CableConnected, ElectricityAvailable, PhoneConnected, TrashCollection
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Legal Description: 1 4S 14W -91- 118A4 BEG 360' S & 500' E OF NW COR OF SE1/4 E 300' S 90' W 100' S 160' W 100' S 50' W 122' N 95' W 100' S 95' W 78' N 210' E 200' N 9 0' TO POB LESS MTG PRCLS PER REQUEST OF MR T 91.1-91.2-91.3 ORB 4666 P 801
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 15012-000-000
  • The Range: 0.00
  • Unit Number: A, B, C, D

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin