Live the Gulf Life on Florida’s Emerald Coast

1421 Martin Luther King Junior Boulevard A-D

Panama City, FL 32401

MLS#: 789241

$799,000

Status: Active
Listing number: 789241
Listing provided by: JC Real Estate Group, LLC.
Listing agent phone: None
Last update: a month ago
On site: 2 months ago
Browse Properties
Long Point Park 1st Add - Residential

Property

Beds

8

Full Baths

8

1/2 Baths

4

Year Built

2026

Sq.Footage

4,028

Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    8

  • 1/2 Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Construction Materials

    HardiPlank Type

  • Parking

    Garage, Garage Door Opener

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.18

  • Lot Size(square feet)

    7,841

  • Property Type

    Residential

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $799,000

  • Sq. Footage

    4,028

  • Price/SqFt

    $198

HOA

  • Association

    No

School District

  • Elementary School

    Northside

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • New Construction

    YES

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Northside

Middle School

Jinks

High School

Bay

Listing Courtesy of James Cameron , JC Real Estate Group, LLC.

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AGENT

Brian Fauber

Call Brian today to schedule a private showing.

(850) 851-8223

bfauber@gulflifego.com


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Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

1421 Martin Luther King Junior Boulevard A-D

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