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CHERRY ST - 5 -PLEX - PANAMA CITY - FLORIDA 5333 Cherry St 5 Unit Apartment Building $1,650,000 ($330,000/Unit) 8% Cap Rate Panama City, FL 32404

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INVESTMENT HIGHLIGHTS

  • Brand new construction
  • Safe nice location
  • Close to shopping

EXECUTIVE SUMMARY

5 PLEX LUXURY TOWNHOMES FOR SALE: 5333 CHERRY ST., CALLAWAY FL 32404
Year built: May 2025
No common areas ... therefore no HOA …
3BR - 2.5 Bath – Single Car Garage – 4 outside parking spots ... 1845 sf heated and cooled…
Living, dining, kitchen combo with modern fixtures …
Washer / Dryer room …
Large master bedroom with walking closet…
Spa inspired bathroom….
Insulated Garage with heat & A/C…
10 Minutes to Tyndall Air Force Base…
10 mins to downtown shopping and restaurants.

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 $1,650,000
Price Per Unit $330,000
Sale Type Investment
Cap Rate 8%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Gross Rent Multiplier 11.9
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.26 AC
Building Size 9,225 SF
No. Stories 2
Year Built 2025
Parking Ratio 1.63/1,000 SF
Zoning MULTIFAMILY - MULTIFAMILY

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • Vaulted Ceiling
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Dining Room
  • Family Room
  • Island Kitchen
  • Linen Closet
  • Patio
  • Porch
  • Smoke Free
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 24559-005-001
  • 24559-005-003
  • 24559-005-002
  • 24559-005-000
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$23,610 (2024)
  • Listing ID: 37127679

  • Date on Market: 8/5/2025

  • Last Updated:

  • Address: 5333 Cherry St, Panama City, FL 32404

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