141 Cheri Lane

Panama City, FL 32404

$599,000
Price
9
Beds
5
Baths
3
1/2 Baths
4,280 Sq. Ft.
$140 / Sq. Ft.
4,280
Sq. Ft.
$140
per Sq. Ft.

Description

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 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 in
  1. Listed by Whitney E Cooley • Scenic Sotheby's International Realty • will@scenicsir.com

Property Details for 141 Cheri Lane

Subdivision
No Named Subdivision
MLS Sub Area
2702 - Bay - Central SE
Zoning
Resid Multi-Family
LISTING UPDATED: 10/30/2024 09:42 PM

Property Details for 141 Cheri Lane

StatusActive
MLS #955951
Days on Market139
Taxes$5,447 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Attached Single Unit
Year Built1984
Lot Size0.26 AC / 11,325 SF
CountyBay County

Building Information for 141 Cheri Lane

Stories2Year Built1984Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 141 Cheri Lane

Summary
Location and General Information
  • Absolute Longitude: 85.597336
  • Directions: From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.
  • Longitude: -85.597336
  • Latitude: 30.132481
Taxes and HOA Information
  • Assessment Fees: No
  • Last Tax Year: 2023
School Information
  • Elementary School: Parker
  • High School: Rutherford
  • Middle School: Rutherford ( Middle )
Utilities
  • Utilities: Electric,Public Sewer,Public Water
Parking
  • Garage YN: No
Property
Parking
  • Carport YN: No
Lot Information
  • Stories: 2.00
  • Area: 27 - Bay County
  • Building Design: Fourplex
  • Lot Dimensions: 135x84
  • Lot Features: Cleared,Dead End,Interior,Level
  • Lot Parcel Access: Paved Road
Property and Assessments
  • Property Type: Residential
Interior and Exterior Features
Exterior Features
  • Homestead: No
  • Pool: No
  • Pool Type: None
Interior Features
  • Energy: AC - Central Elect,Heat Cntrl Electric,Water Heater - Elect
  • Interior: Floor Tile, Furnished - None, Newly Painted, Renovated
Room Information
Room Information
  • Bedroom: Second
  • Living Room: First
  • Master Bedroom: Second
  • Rooms: Bedroom,Full Bathroom,Half Bathroom,Kitchen,Living Room,Master Bedroom
Bathroom
  • Full Bathroom: Second
Kitchen
  • Kitchen: First
Room 1
  • Dimensions: 13 x 13
  • Length: 13.0
  • Width: 13.0
  • Level: 1
  • Area: 169.0
Room 2
  • Dimensions: 10 x 8
  • Length: 10.0
  • Width: 8.0
  • Level: 1
  • Area: 80.0
Room 3
  • Dimensions: 6 x 3
  • Length: 6.0
  • Width: 3.0
  • Level: 1
  • Area: 18.0
Room 4
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 5
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 6
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 7
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 8
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 9
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 10
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 11
  • Dimensions: 13 x 9
  • Length: 13.0
  • Width: 9.0
  • Level: 2
  • Area: 117.0
Room 12
  • Dimensions: 10 x 6
  • Length: 10.0
  • Width: 6.0
  • Level: 2
  • Area: 60.0
Room 13
  • Dimensions: 10 x 6
  • Length: 10.0
  • Width: 6.0
  • Level: 2
  • Area: 60.0
Room 14
  • Dimensions: 10 x 6
  • Length: 10.0
  • Width: 6.0
  • Level: 2
  • Area: 60.0
Rental
Rental Information
  • Existing Leases: Month To Month
  • Is Subject Leased: Yes
  • Lease Expiration Date: 12-31-2024
  • Rent per month: $4,950
  • Immediate Occupancy: No

Property History for 141 Cheri Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 141 Cheri Lane

Taxable ValueLand$15,960Additions$68,195Total$84,155
Tax Record2021$1,317 ($110 / month)
Home Facts
Beds2Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtStories2Lot Size11,326 SqFtStyleTownhouseYear Built1984Year Renovated1984CountyBAYAPN25249-300-000Fireplace TypeHas Fireplace

Schools near 141 Cheri Lane

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - PK to 5
Rating
School
Distance
Parker Elementary School
PublicPK to 5

Everitt Middle School
Public6 to 8

Rutherford High School
Public6 to 12

Springfield Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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141 Cheri Lane is a single family home for sale in Panama City, FL 32404. This property was listed for sale on August 1, 2024 by Scenic Sotheby's International Realty, it's currently listed at $599,000. It has been on the market for a total of 139 days and was last sold on March 18, 2022. This listing's school district is Bay. Nearby schools include Parker Elementary School, Everitt Middle School and Rutherford High School. 141 Cheri Lane is a 9-bed, 6.5-bath, 4,280 sqft single family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Scenic Sotheby's International Realty

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.