$1,750,000
Panama City, FL 32404
MLS# 790876
13768 sqft
1 / 22
Property Description
SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.
Details
Maps
Contract Info
List Price/SqFt: 127.11
List Date: 2026-06-05
List Price: $1,750,000
Current Price: $1,750,000
Sub-Type: Multi-Family
Location
Unit #: 114 (1-8) & 118 (1-6)
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Business Name: Bishop Apartments
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Bishop Apartment Complex is located near the southwest corner of Hwy 22A (Bob Little Road) and Cherry Street and south and adjacent to the Marathon Gasoline & Convenience Store, with alleyway access to the two buildings in the rear.
Area: 02 - Bay County - Central
Street #: 114
Street Direction: S
Street Name: Highway 22 A
State: FL
Zip Code: 32404
County: Bay
Subdivision: Lakewood
Parcel ID: 25010-008-000
Legal Description: LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
General Property Info
List Class: Residential Income
Site Dimensions: 150 Ft. X 180 Ft.
Acreage: 0.65
Construction Status: Construction Complete
# of Units: 14
# of Stories in Building: 2
Frontage Ft: 150
SqFt Tot Bldg: 13768
Lot Depth: 180
Year Built: 1984
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.
Construction/Siding
Brick Veneer: 1
Foundation - Slab on Grade: 1
Wood/Frame: 1
Roof - Composite Shngl: 1
Siding - Stucco: 1
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Water Heater - Electric: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Resid Multi-Family: 1
Association Amenities
Dumpster: 1
Project Facilities
Security-Lights: 1
Utilities
Electricity - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - HVAC: 1
Heat - HVAC: 1
Offering Type
Real Estate: 1
Sale Only: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
County Road: 1
Status Change Info
Status: Active
Property Features
Energy: AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Real Estate; Sale Only
Pricing Type: Sale Price
Present Zoning: Resid Multi-Family
Project Facilities: Security-Lights
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: Counts Real Estate Group
Last Updated: June - 05 - 2026
Information deemed reliable but not guaranteed.