141 Cheri Ln Panama City, FL 32404
Property details
About 141 Cheri Ln
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.
Highlights
Summary
- MLS Number: 955951
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Scenic Sothebys International Realty
- Office Email: will@scenicsir.com
- Listing Agent: Whitney E Cooley
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:50:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,000
141 Cheri Ln
$7,113
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 22, 2022 | Home Sold | $450,000 |
| Nov 13, 2012 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $385,152 | $5,447 |
| 2022 | $131,847 | $1,340 |
| 2020 | $84,155 | $895 |
| 2018 | $125,563 | $1,355 |
| 2017 | $126,830 | $1,396 |
History based on county public records data.
Nearby schools
4
Parker Elementary School
Public District PK-5
0.3 mi
•640 S Highway 22 A
7
Callaway Elementary School
Public District KG-5
2.2 mi
•7115 E Highway 22
4
Merriam Cherry Street Elementary School
Public District PK-5
3.0 mi
•1125 Cherry St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,500. The most common annual income of people living in Panama City, FL is less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Horse Races
Pro Boxing
Extreme Sports
Where do the neighbors shop?
Stein Mart
Family Dollar
Sam's Club
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Church's Chicken
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Hits
Frequently asked questions
About 141 Cheri Ln
This home is located at 141 Cheri Ln in Panama City, FL and zip code 32404. This 4,280 square foot home, which was built in 1984, sits on a 0.26 acre lot. Features: 9 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since August 1, 2024 and is currently priced at $599,000.
Over 5 listings were sold over their listed price in February 2025 in Panama City, FL. In the same period over 98 listings were sold below the listed price and 36 listings were sold for the listed price. The number of homes for sale in Panama City, FL increased by 6.1% between January and February 2025. The median list price of listings available in February 2025 was $337,016, while the average time on the real estate market was 87 days.