BEDS8
BATHS8 full 4 partial
SQUARE FEET4,028
MLS#789241
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLong Point Park 1st Add
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%.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Garage: 4
Heating: Central, Electric
Lot Size: 0.18 Acres
Roof Type: Metal
Year Built: 2026
Feature Descriptions
Appliances: Electric Oven, Electric Range, Ice Maker
Community Features: Short Term Rental Allowed
Days on Site: 5
Exterior: HardiPlank Type
Flooring: Luxury Vinyl Plank
Lot: Paved
Lot Dimensions: 106 x 80
Parcel#: 17553-030-000
Parking: Garage, Garage Door Opener
Parking Notes: Garage, Garage Door Opener
Security: Fire Alarm
Sewer: Public Sewer
Utilities: Electricity Available, High Speed Internet Available
Room Sizes
Bedroom: 13 X 14 Level - Second
Bedroom: 13 X 14 Level - Second
Bedroom: 13 X 14 Level - Second
Bedroom: 13 X 14 Level - Second
Bedroom: 10 X 13 Level - Second
Bedroom: 10 X 13 Level - Second
Bedroom: 10 X 13 Level - Second
Bedroom: 10 X 13 Level - Second
Local Schools
High School: Bay
Middle School: Jinks
Elementary School: Northside
Listed By / Shown By
Listed By
Agency Name: JC Real Estate Group, LLC.
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,059.10 per month $1,820.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $238.58 Homeowner's InsuranceChange Payment Information
1421 Martin Luther King Junior Boulevard , Unit A-D | MLS# 789241
This multi-family property located at 1421 Martin Luther King Junior Boulevard , Unit A-D, Panama City, FL 32401 is currently listed for sale with an asking price of $818,000. Search Panama City real estate on www.realtymark.net today.