FL > Panama City > Magnolia Cove Apartments
Panama City, FL 32401,3510/ 3536 Saint John ST
Panama City, FL 32401,3510/ 3536 Saint John ST
Panama City, FL 32401,3510/ 3536 Saint John ST
Panama City, FL 32401,3510/ 3536 Saint John ST
Panama City, FL 32401,3510/ 3536 Saint John ST
Panama City, FL 32401,3510/ 3536 Saint John ST
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Spencer Bailey

Spencer Bailey

+1(507) 951-2934
Listed by Luxe Coastal Realty Group LLC
$ 6,243,750
Est. payment | /mo

50 Baths

33,060 SqFt

Save Virtual Tour
$ 6,243,750
Est. payment | /mo
Save Virtual Tour

50 Baths

33,060 SqFt

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 33,060 sqft

Price per Sqft $188

Subdivision Magnolia Cove Apartments

MLS Listing ID RX-11145658

Year Built 1970

Annual Tax Amount $18,237

Tax Year 2025

Lot Size 2.800 Acres

Property Sub-Type MultiFamily (5+ Units)

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.

Location

State FL

County Bay

Area 5940

Zoning Multi Family

Interior

Heating Electric

Cooling Wall-Win A/C

Flooring Other

Fireplaces Type Sprinkler

Exterior

Utilities Available Cable, Electric, Public Sewer, Public Water

Roof Type Metal

Building

Story 100.00

Others

Acceptable Financing Assumable-Qualify, Cash, Conventional

Listing Terms Assumable-Qualify, Cash, Conventional

Financing Assumable-Qualify,Cash,Conventional

Virtual Tour https://www.propertypanorama.com/3510-3536-Saint-John-Street-Panama-City-FL-32401/unbranded

Spencer Bailey

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(507) 951-2934

spencer.bailey507@gmail.com

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3510/ 3536 Saint John ST