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Investment Highlights

  • Portfolio Scale with Immediate Cash Flow – Four stabilized multifamily assets offering in-place income with additional upside through rent optimizatio
  • Flexible Acquisition Opportunity – Available as a portfolio or individual asset purchase, with pricing recently adjusted to reflect current market con
  • Recent Capital Improvements – Multiple upgrades across the portfolio, including a newly replaced flat roof at 644 W Caladium, reducing near-term CapEx

Executive Summary

Rare opportunity to acquire a four-property multifamily portfolio across strong Florida Panhandle markets, offering immediate in-place income with clear upside potential.
The portfolio includes 644 W Caladium, 240 Harmon, Palm Court, and Deerwood Apartments, totaling a diverse unit mix with stabilized occupancy and recent capital improvements throughout. Several assets have undergone interior and exterior upgrades, including roofing, systems, and unit renovations, reducing near-term capital expenditure needs.
Ownership has recently implemented strategic price adjustments to better align with current market conditions, resulting in a noticeable increase in investor activity and ongoing discussions with qualified buyers.
Highlights include:
• Strong in-place cash flow with value-add potential through rent optimization
• Proven rental demand with consistent occupancy across assets
• Recent capital improvements, including major roof replacement at 644 W Caladium
• Opportunity for operational efficiencies across the portfolio
• Ideal for investors seeking scale in a single acquisition
Important Notes:
Certain assets within the portfolio are subject to existing financing that may require loan assumption or defeasance, which should be factored into underwriting.
Ownership is motivated and open to serious offers, with a preference for clean terms and qualified buyers.
Portfolio may be acquired as a package or individual assets, depending on buyer interest and structure.

Property Facts

Price $23,917,655 CAD
Price / SF $405.45 CAD / SF
Cap Rate 5.38%
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 3
Total Building Size 58,990 SF
Total Land Area 2.56 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
872 Deer Wood Ln, Chipley, FL 32428 Multifamily 10,658 SF 1982 $2,162,443 CAD
Magnolia Cove Apartments and Marina
240 Harmon Ave, Panama City, FL 32401
Multifamily 29,796 SF 1966 $8,509,044 CAD
Emerald Bay Apartments
644 W Caladium Cir, Panama City Beach, FL 32413
Multifamily 18,536 SF 1982 $4,673,624 CAD
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  • Listing ID: 39876077

  • Date on Market: 2026-03-23

  • Last Updated:

  • Address: NWFL Multifamily Portfolio, Panama City, FL

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