6710-6718 Cherry Street, Panama City, FL 32404
- Added:
- Mar 8, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 9 at 5:06 pm
Property Features for 6710-6718 Cherry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Pending
- APN
- 06829-000-000
- Size
- 6,750 SF
Taxes and HOA fees
- Tax Description
- CHERRY GROVE TOWNHOMES
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 2025
Listing agent Heather H Neubauer License #3257545 (850) 774-2832
Listing office ERA Neubauer Real Estate Inc 740 S Tyndall Pkwy, Panama City, FL (850) 785-1551
Listing date Mar 8, 2026
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction 5‑unit townhome: a unique investment opportunity.
- Proximity to Tyndall Air Force Base: benefits from strong rental demand.
- Each unit: features 3 bedrooms, 2.5 bathrooms, ~1,300 sq ft, and a 1‑car garage.
- Modern finishes: quartz countertops, stainless steel appliances, and custom tile work.
- Low‑maintenance ownership: exterior maintenance and common area upkeep included.
- Convenient location: close to shopping, parks, and major roadways.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $24.00 |
| − Vacancy | −$26.1k | −$3.86 |
| EGI | $135.9k | $20.14 |
| − OpEx | −$61.2k | −$9.06 |
| NOI | $74.8k | $11.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.574969
- Latitude
- 30.145119