141 Cheri Lane, Panama City, FL 32404

$650,000
Property Type: Residential Bedrooms: 9 Baths: 8 Square Footage: 4,280 Lot Size (sq. ft.): 11,326 Status: Pending
Current Price: $650,000 List Date: 10/01/2025 Last Modified: 2/13/2026

Description

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

Supplements: 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.

More Information MLS# 986541

Status Change Info

Status: Pending Under Contract Date: 2026-02-12

Contract Info

List Date: 2025-10-01 Current Price: $650,000 List Price: $650,000 List Price/SqFt: 151.87 Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County Street #: 141 Street Name: Cheri Street Suffix: Lane State: FL Zip Code: 32404 County: Bay Project Name/Subdivision: No Named Subdivision Parcel ID: 25249-300-000

General Property Info

Sub-Type: Attached Single Unit Design: Fourplex Apx SqFt(Htd/Cooled): 4280 SqFt Source: County PA Records Bedrooms: 9 Full Baths: 5 Half Baths: 3 Total Bathrooms: 8 # Stories: 2 Year Built: 1984 Immediate Occupancy: No Garage: No Carport: No Acreage: 0.26 Pool: No Pool Type: None

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Lot Features: Cleared; Dead End; Interior; Level Zoning: Resid Multi-Family Interior: Floor Tile; Furnished - None; Newly Painted; Renovated Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: Second Bedroom: Second Kitchen: First Living Room: First Full Bathroom: Second Half Bathroom: First Rooms: Bedroom; Full Bathroom; Half Bathroom; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA; VA Existing Leases: Month To Month

Room Information

Living Room Level: First Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Kitchen Level: First Dimensions: 10 x 8 Length: 10.00 Width: 8.00 Dimensions: 10 x 8 Half Bathroom Level: First Dimensions: 6 x 3 Length: 6.00 Width: 3.00 Dimensions: 6 x 3 Master Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Master Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Master Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Master Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Bedroom Level: Second Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Full Bathroom Level: Second Dimensions: 10 x 6 Length: 10.00 Width: 6.00 Dimensions: 10 x 6 Full Bathroom Level: Second Dimensions: 10 x 6 Length: 10.00 Width: 6.00 Dimensions: 10 x 6 Full Bathroom Level: Second Dimensions: 10 x 6 Length: 10.00 Width: 6.00 Dimensions: 10 x 6
Listing Office: Scenic Sotheby's International Realty
Last Updated: February - 13 - 2026
Broker Attribution: whitney@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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