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1421 Martin Luther King Junior Boulevard Unit A-D, Panama City

$760,000

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%.

8 Beds ⋅ 12 Baths ⋅ 789241 MLS

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City