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2605 Redwood St
Panama City Beach, FL 32408
Multifamily Property For Sale · 4 Units

Executive Summary

Turnkey, fully leased four-unit income property at 2605 Redwood Street delivering immediate, stable cash flow. The property consists of two separate buildings with a desirable unit mix of spacious 3-bedroom and 2-bedroom units, each featuring 1.5 bathrooms. All apartments have been renovated with new flooring, updated kitchens, and energy-efficient appliances, supporting strong tenant retention and consistent occupancy.
Recent capital improvements reduce near-term maintenance and enhance long-term value, including a 2019 roof, HVAC systems under four years old, partial siding replacement, and a newly installed septic system. With solid in-place income and minimal deferred maintenance, this is an ideal low-risk acquisition for investors seeking dependable returns or portfolio expansion.
No signage on property. Please do not disturb tenants.

Property Facts

Price Per Unit $291,652 CAD
Sale Type Investment
Cap Rate 6.35%
Gross Rent Multiplier 11.72
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class C
Lot Size 0.21 AC
Building Size 4,432 SF
Average Occupancy 100%
No. Stories 2
Year Built 1978

Property Taxes

Property Taxes

Parcel Number
31054-000-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$461,513 CAD
  • Listing ID: 39914968

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: 2605 Redwood St, Panama City Beach, FL 32408

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