About 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 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 Lane
| MLS® # | 986541 |
|---|---|
| Price | $650,000 |
| 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 |
| Last Taxes | 5747.79 |
| Last Tax Year | 2024 |
Community Information
| Address | 141 Cheri Lane |
|---|---|
| Area | Bay County |
| Subdivision | No Named Subdivision |
| City | Panama City |
| County | Bay |
| State | FL |
| Zip Code | 32404 |
Amenities
| Utilities | Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Floor Tile, Furnished - None, Newly Painted, Renovated |
|---|---|
| Heating | Heat Cntrl Electric |
| Cooling | AC - Central Elect |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Roof Composite Shngl, Siding CmntFbrHrdBrd, Siding Wood |
|---|---|
| Lot Description | Cleared, Dead End, Interior, Level |
| Roof | Roof Composite Shngl |
School Information
| Elementary | Parker |
|---|---|
| Middle | Rutherford ( Middle ) |
| High | Rutherford |
Additional Information
| Days on Website | 12 |
|---|---|
| Zoning | Resid Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |