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Bishop Apartments 114 S Sr-22a 14 Unit Apartment Building $1,750,000 ($125,000/Unit) Panama City, FL 32404
Investment Highlights
- 14 Unit Apartment Complex - 4 Buildings
- Value Add - Rents Below Market Rates
- 8 Units - 800 Sq. Ft. with Outside Laundry Room - 6 Units - 1,100 Sq. Ft. with Inside Laundry Room
- Central Location - Complex Immaculately Maintained By Long Time Landlord
- New Roofs - April 2026
- All Financials, Repairs and Maintenance Reports Available Upon Execution of Non-Disclosure Agreement (NDA)
Executive Summary
SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| No. Units | 14 | Building Size | 16,770 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Price | $1,750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 16,770 SF |
| No. Stories | 2 |
| Year Built | 1984 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 25010-008-000 | Improvements Assessment | $316,310 |
| Land Assessment | $27,446 | Total Assessment | $343,756 |
Property Taxes
Parcel Number
25010-008-000
Land Assessment
$27,446
Improvements Assessment
$316,310
Total Assessment
$343,756
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Bishop Apartments | 114 S Sr-22a
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