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141 Cheri Lane
Panama City, FL 32404

$650,000 - Status: Active
Bed Icon Beds: 9
Bath Icon Baths: 5 full 3 partial
Sq Feet Icon SQFT (H&C): 4,280
MLS Icon MLS# 986541

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.

Property Features

MLS#: 986541
Zip: 32404
Subdivision: No Named Subdivision
Development: 27 - Bay County
Property Type: Multi Unit - Townhouse
Cooling: Central Air
Days on Site: 197
Heating: Central
Home Style: Fourplex
Lot Size: 0.26 acres
Stories: 2.0
Taxes: $5,747
Year Built: 1984
SQFT (H&C): 4,280

Feature Descriptions

Appliances: Water Heater - Elect
Exterior: Siding CmntFbrHrdBrd, Siding Wood
Financing Terms: Conventional, FHA, VA
Flooring: Floor Tile
Interior: Newly Painted
Lot Description: Cleared, Dead End, Interior, Level
Lot Dimensions: 135x84
Parcel Number: 25249-300-000
Property Condition: Renovated, Construction Complete
Road Surface: Paved
Rooms Total: 14
Sewer: Public Sewer
Sub Type: Attached Single Unit
Utilities: Electric, Public Water

Room Sizes

Living Room: 13 X 13 Level - First
Kitchen: 10 X 8 Level - First
Half Bathroom: 6 X 3 Level - First
Primary Bedroom: 13 X 9 Level - Second
Primary Bedroom: 13 X 9 Level - Second
Bedroom: 13 X 9 Level - Second
Bedroom: 13 X 9 Level - Second
Primary Bedroom: 13 X 9 Level - Second
Bedroom: 13 X 9 Level - Second
Primary Bedroom: 13 X 9 Level - Second
Bedroom: 13 X 9 Level - Second
Full Bathroom: 10 X 6 Level - Second
Full Bathroom: 10 X 6 Level - Second
Full Bathroom: 10 X 6 Level - Second

Local Schools

High School: Rutherford
Middle School: Rutherford ( Middle )
Elementary School: Parker

141 Cheri Lane | MLS# 986541

This multi-family property located at 141 Cheri Lane, Panama City, FL 32404 is currently listed for sale with an asking price of $650,000. Search Panama City real estate on ksmith.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Scenic Sotheby's International Realty

Shown By

Agent Name: Karen Smith
Agent Phone: (850) 527-5651
Agency Title: Beachy Beach Real Estate

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17651 Panama City Beach Pkwy
#3
Panama City Beach , FL 32413
(850) 527-5651
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/16/2026. The listing information on this page last changed on 04/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/16/2026 3:53:21 PM EST) or Emerald Coast MLS (last updated Thu 04/16/2026 3:47:27 PM EST) or Central Panhandle Association of Realtors (last updated Thu 04/16/2026 3:48:14 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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