Turnkey Duplex
803 E 10TH Court Unit A & B Panama City, FL 32401
For Sale
$180,000
Turnkey duplex configured as Units A and B with annual gross income of $19,725.
Property Size1,448 SF
Price / SF$124.31
Days on Market357
Property Features for 803 E 10TH Court Unit A & B
General Information
- Standard status
- Active
- Size
- 1,448 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1940
Listing Agency:
CENTURY 21 Commander Realty
(850) 769-8326
Listed By:
Jacob Hutchins
(850) 319-5388
Source:
Xome
Added: Aug 4, 2025
Changed: Jul 23
Last Checked: Jul 26 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Commander Realty
Investment Insights
Based on property information with market context.
This turnkey duplex rental includes two residential units, identified as Unit A and Unit B. It’s presented for sale as an income-producing property and is being marketed as ready to operate.
The property address is 803 E 10TH Court Unit A & B, Panama City, FL 32401.
The listing provides an annual gross income figure of $19,725, with a total property size of 1,448.
The property address is 803 E 10TH Court Unit A & B, Panama City, FL 32401.
The listing provides an annual gross income figure of $19,725, with a total property size of 1,448.
Key Highlights
- Duplex configured as Units A and B with annual gross income of $19,725
- Year built 1940
- Central air (electric) and electric oven
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 | $34.8k | $24.00 |
| − Vacancy | −$5.6k | −$3.86 |
| EGI | $29.2k | $20.14 |
| − OpEx | −$13.1k | −$9.06 |
| NOI | $16.0k | $11.07 |
1,448 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.2K
$219.0K – $291.9K
NOI $17,516 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,036 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex configured as Units A and B with annual gross income of $19,725.
Where is this duplex located?
The property is located at 803 E 10TH Court Unit A & B Panama City, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Duplex configured as Units A and B with annual gross income of $19,725; Year built 1940; Central air (electric) and electric oven
