- MLS® #: RX-11145658
- 3510/ 3536 Saint John St
- Panama City, FL 32401
- $6,243,750
- 33,060 SqFt, 2.80 Acres
- Commercial
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. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
View Virtual TourEssential Information
- MLS® #RX-11145658
- Price$6,243,750
- Square Footage33,060
- Acres2.80
- Year Built1970
- TypeCommercial
- Sub-TypeIncome
- StyleFree Standing
- StatusNew
Community Information
- Address3510/ 3536 Saint John St
- Area5940
- SubdivisionMagnolia Cove Apartments
- CityPanama City
- CountyBay
- StateFL
- Zip Code32401
Interior
- AppliancesBuilding and Land
- HeatingElectric
- CoolingWall-Win A/C
- # of Stories2
Exterior
- Lot DescriptionMagnolia Cove
- RoofMetal
Additional Information
- Date ListedDecember 5th, 2025
- Days on Website14
- ZoningMulti Family
- Office: Luxe Coastal Realty Group Llc
Property Location
3510/ 3536 Saint John St on www.jupiterabacoahomes.us
Offered at the current list price of $6,243,750, this home for sale at 3510/ 3536 Saint John St features bedrooms and 0 bathrooms. This real estate listing is located in Magnolia Cove Apartments of Panama City, FL 32401 and is approximately 33,060 square feet. 3510/ 3536 Saint John St is listed under the MLS ID of RX-11145658 and has been available through www.jupiterabacoahomes.us for the Panama City real estate market for 14 days.Similar Listings to 3510/ 3536 Saint John St
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Listing information last updated on December 19th, 2025 at 8:45pm CST.