3510/ 3536 Saint John Street, Panama City, FL 32401 - Homes for Sale in Eastpointe - Palm Beach Gardens, FL

3510/ 3536 Saint John Street, Panama City, FL 32401 (MLS# RX-11145658)

$6,243,750
3510/ 3536 Saint John Street
Panama City, FL 32401
MLS# RX-11145658
50 baths  |  33060 sqft
3510/ 3536 Saint John Street, Panama City, FL 32401
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3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401 3510/ 3536 Saint John Street, Panama City, FL 32401

Property Description
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure.

Details
Contract Information
Status: Active
Original List Price: 6243750
Auction: No
List Price: $6,243,750
Current Price: $6,243,750
List Price/Bldg SqFt: 188.86
Listing Date: 2025-12-05
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Magnolia Cove
Subdivision: Magnolia Cove Apartments
Year Built: 1970
SqFt - Living: 33060
SqFt Source: Owner
# of Stories: 2
Total Units: 50
Baths - Total: 50
Acres: 2.8
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5940
County: Bay
Parcel ID: 23388000000 & 23389000000
Street #: 3510/ 3536
Street Name: Saint John
Street Suffix: Street
Zip Code: 32401
Legal Desc: 11 4S 14W -366.4- 118C4 BEG 787' N & 500' W OF SE COR OF SW1/4 OF SE1/4 TH W 285' S 256' E 285' N 256' TO POB ORB 4161 P
Geo Lat: 30.147515
Geo Lon: -85.612659
Property Features
Use: Income
Type of Building: Free Standing
Sale Includes: Building and Land
Avail Docs: None
Avail Info: Full Financials
Flooring: Other
Cooling: Wall-Win A/C
Heating: Electric
Fire Protect: Sprinkler
Tenant Pays: Cable; Electric; Janitorial
Utilities: Cable; Electric; Public Sewer; Public Water
Roof: Metal
Terms Considered: Assumable-Qualify; Cash; Conventional
Lease: None
Possession: At Closing; Funding
Supplements
Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.

Listing Office: Luxe Coastal Realty Group LLC

Last Updated: December - 06 - 2025

3510/ 3536 Saint John Street, Panama City, FL 32401 - MLS# RX-11145658

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