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Jessica Henrichsen

pcswithjess@gmail.com +1(318) 780-4231

$ 818,000

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1421 Martin Luther King Junior BLVD #A-D Panama City, FL 32401

8 Beds

12 Baths

4,028 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,028 sqft

Price per Sqft $203

Subdivision Long Point Park 1St Add

MLS Listing ID 789241

Bedrooms 8

Full Baths 8

Half Baths 4

HOA Y/N No

Year Built 2026

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Quadruplex

Property Description

Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 02 - Bay County - Central

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Luxury Vinyl Plank

Fireplace No

Appliance Electric Oven, Electric Range, Ice Maker

Exterior

Parking Features Garage, Garage Door Opener

Garage Spaces 4.0

Garage Description 4.0

Community Features Short Term Rental Allowed

Utilities Available Electricity Available, High Speed Internet Available

Roof Type Metal

Private Pool No

Building

Lot Description Paved

Foundation Slab

Sewer Public Sewer

New Construction Yes

Schools

Elementary Schools Northside

Middle Schools Jinks

High Schools Bay

Others

Restrictions Short Term Rentals Allowed

Tax ID 17553-030-000

Security Features Fire Alarm

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Listed by JC Real Estate Group, LLC.

NEARBY SCHOOLS & PROPERTIES

Jessica Henrichsen

Agent | SLBK3553737

+1(318) 780-4231

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Jessica Henrichsen

1421 Martin Luther King Junior BLVD #A-D Panama City, FL 32401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1421 Martin Luther King Junior BLVD #A-D