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2810 W 15th St 4 Unit Dormitory $425,000 ($106,250/Unit) Panama City, FL 32401
Executive Summary
Discover a prime investment opportunity in one of the most sought-after areas of Panama City, FL—Historic St. Andrews. This property is strategically located on HWY 98, the busiest road in the county. Currently, it features 4 rental units: a 3-bedroom, 2-bath home; two separate studio apartments; and one cottage with 1 bedroom and 1 bath, totaling 6 bedrooms and 5 baths. The rentals generate approximately $57,000 in annual income. Total expenses $27,000 a year. The main unit generates income of $1,500 a month. Unit 2 - $1,200 a month. Unit 3 and 4 - $450 a week. Water bill $500 a month for all 4 units. Electric - $300-$400 a month for 4 units. Solar panels - $800 a month. As Historic St. Andrews continues to grow, this property is poised for appreciation in value while providing a steady rental income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| No. Units | 4 | Building Size | 2,384 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Dormitory | Year Built | 2010 |
| Zoning | PC09 | ||
| Price | $425,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 2,384 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | PC09 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Smoke Free
1 1
Property Taxes
| Parcel Number | 29504-000-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $372,097 |
Property Taxes
Parcel Number
29504-000-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$372,097
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2810 W 15th St
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