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$1,000,000
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Property Description
Under Contract- Taking Backup offers! New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.
Full Property Details
Full Property Details for 6720-6728 Cherry St
General
- Sold For: $1,000,000
- HOA FEE: $125/month
- Status: Closed
- Type: Commercial Multi-Family
- Source: Bay_County
- MLS ID: 786497
- Added to Site: 181 day(s) ago
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: From N Tyndall Pkwy, Head Sou on Us-98 E/N Tyndall Pkwy. Use left 2 lanes to turn left onto FL-22 E. Turn right onto N Berthe Ave. Townhomes located on the corner of Cherry St and Berthe Ave.
School Information
- Elementary School: Callaway
- Middle School: Everitt
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Year Built: 2025
Financial Considerations
- Association Fee: $125
- Assoc Fee Freq.: Monthly
Disclosures and Reports
- Legal Description: CHERRY GROVE TOWNHOMES
- Property ID: 06829-000-000
Listed by ERA Neubauer Real Estate Inc
Sold by Non-Member Office
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Price & Sales History for 6720-6728 Cherry St
Date
Details
Price
Change
Source
9/01/2026
Sold
$1,000,000
-9.05%
MLS
3/08/2026
Listed
$1,099,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6720-6728 Cherry Street, Panama City, FL 32404 (MLS# 786497) is a Commercial Multi-Family property that was sold at $1,000,000 on September 01, 2026. Want to learn more about 6720-6728 Cherry Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

