141 Cheri Lane, Panama City, FL 32404

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
141 Cheri Lane,Panama City, FL 32404
$650,000
  • 9 Beds
  • 8 Baths
  • 4,280 sq. ft.
  • Single family
  • Active
Listed by: whitney e cooley
Office: scenic sotheby's international realty
MLS#:986541
Source:FL_ECAR

Price summary

  • Price:$650,000
  • Price per sq. ft.:$151.87

About this home

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 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.

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Home facts

  • Year built:1984
  • Listing ID #:986541
  • Added:227 day(s) ago
  • Updated:May 17, 2026 at 07:08 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Full bathrooms:5
  • Half bathrooms:3
  • Rooms Total:14
  • Living area:4,280 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1984
  • Building area:4,280 sq. ft.
  • Lot area:0.26 Acres
  • Lot Features:Cleared, Dead End, Interior, Level
  • Architectural Style:Fourplex

Schools

  • High school:Rutherford
  • Middle school:Rutherford ( Middle )
  • Elementary school:Parker

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$151.87
  • Tax amount:$5,748 (2024)
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