Ad #7849796
MLS #781440
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS -
3533 US-98, Panama City, FL 32401
$1,190,000
--Beds
--Baths
1,837Sqft
0.2Acres
About this property
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS - Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.
Property Features
0 Beds
0 Baths
1,837 Sqft
Built in 1970
0.2 Acres
Siding: Block
Bay County
[No Recorded Subdiv] Community
Additional Photos
Contact Information
Michael S Werner
Keller Williams Success Realty
850-814-6266
Location
Listing Agent: Michael S Werner (License #: 3266388) 850-814-6266
Broker: Keller Williams Success Realty 850-249-0313 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Success Realty 850-249-0313 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,190,000
--
Beds
--
Baths
1,837
Sqft
3533 US-98, Panama City, FL 32401
By contacting this agent you agree to these Terms and Conditions.
MLS# 781440
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS -
$1,190,000
3533 US-98, Panama City, FL 32401
--
Beds
--
Baths
1,837
Sqft
0.2
Acres
$1,190,000
3533 US-98, Panama City, FL 32401
-- Beds
-- Baths
1,837 Sqft
0.2 Acres
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS - Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.
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Property Details
HOME DETAILS
0 Beds
0 Baths
1,837 Sqft
Built in 1970
0.2 Acres
EXTERIOR
Siding: Block
FINANCIAL & COMMUNITY
Bay County
[No Recorded Subdiv] Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7849796
Viewed
46 times
Listing Status
Active
Added
Jun 15, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Central Panhandle Association of REALTORS
Source Property ID
781440
Listing Agent: Michael S Werner (License #: 3266388) 850-814-6266
Broker: Keller Williams Success Realty 850-249-0313 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Success Realty 850-249-0313 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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