141 Cheri Lane, Panama City, FL 32404
$630,500
Property Type:
Residential
Bedrooms:
9
Baths:
8
Square Footage:
4,280
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$630,500
List Date:
3/16/2026
Last Modified:
7/28/2026
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 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
Supplements: a 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.
More Information MLS# 986541
General Property Info
Sub-Type: Attached Single Unit
Design: Fourplex
SqFt Source: County PA Records
Immediate Occupancy: No
Garage: No
Carport: No
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 4280
Bedrooms: 9
Full Baths: 5
Half Baths: 3
Total Bathrooms: 8
# Stories: 2
Year Built: 1984
Acreage: 0.26
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 147.31
List Date: 2025-10-01
Current Price: $630,500
List Price: $630,500
Location, Tax and Legal
Sub Area: 2702 - Bay - Central SE
Elementary School: Parker
Middle School: Rutherford ( Middle )
High School: Rutherford
Legal Description: W H PARKER PLAT (2.98) BEG 136.14'S OF NE COR LOT 27 TH CONT S 18' W 135' N 18' E 135' TO POB AKA PCL 6 ORB 3713 P 483
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: Yes
Assessment Fees: No
Rent/Mo: 4850
Lease Expiration Dt: 2024-12-31
New Buyer Fee: No
Last Taxes: 5747.79
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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
Sale Type
Accept Backup Offers: 1
Construction Status
Construction Complete: 1
Lot/Parcel Access
Paved Road: 1
Lot Features
Cleared: 1
Dead End: 1
Interior: 1
Level: 1
Construction/Siding
Roof Composite Shngl: 1
Siding CmntFbrHrdBrd: 1
Siding Wood: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Multi-Family: 1
Interior
Floor Tile: 1
Furnished - None: 1
Newly Painted: 1
Renovated: 1
Financing
Conventional: 1
FHA: 1
VA: 1
Energy
AC - Central Elect: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Master Bedroom
Second: 1
Bedroom
Second: 1
Kitchen
First: 1
Living Room
First: 1
Full Bathroom
Second: 1
Half Bathroom
First: 1
Rooms
Bedroom: 1
Full Bathroom: 1
Half Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Existing Leases
Month To Month: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 141
Street Name: Cheri
Street Suffix: Lane
State: FL
Zip Code: 32404
County: Bay
Project Name/Subdivision: No Named Subdivision
Parcel ID: 25249-300-000
Property Features
Sale Type: Accept Backup Offers
Construction Status: Construction Complete
Lot Features: Cleared; Dead End; Interior; Level
Zoning: Resid Multi-Family
Interior: Floor Tile; Furnished - None; Newly Painted; Renovated
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: Second
Bedroom: Second
Kitchen: First
Living Room: First
Full Bathroom: Second
Half Bathroom: First
Rooms: Bedroom; Full Bathroom; Half Bathroom; Kitchen; Living Room; Master Bedroom
Financing: Conventional; FHA; VA
Existing Leases: Month To Month
Room Information
Living Room
Level: First
Dimensions: 13 x 13
Length: 13.00
Width: 13.00
Dimensions: 13 x 13
Kitchen
Level: First
Dimensions: 10 x 8
Length: 10.00
Width: 8.00
Dimensions: 10 x 8
Half Bathroom
Level: First
Dimensions: 6 x 3
Length: 6.00
Width: 3.00
Dimensions: 6 x 3
Master Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Master Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Master Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Master Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Bedroom
Level: Second
Dimensions: 13 x 9
Length: 13.00
Width: 9.00
Dimensions: 13 x 9
Full Bathroom
Level: Second
Dimensions: 10 x 6
Length: 10.00
Width: 6.00
Dimensions: 10 x 6
Full Bathroom
Level: Second
Dimensions: 10 x 6
Length: 10.00
Width: 6.00
Dimensions: 10 x 6
Full Bathroom
Level: Second
Dimensions: 10 x 6
Length: 10.00
Width: 6.00
Dimensions: 10 x 6
Listing Office:
Scenic Sotheby's International Realty
Listing Agent:
Whitney E Cooley
Last Updated: July - 28 - 2026
Broker Attribution:
whitney@scenicsir.com
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.