Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023—a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future, '' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
1
Stories
2
Lot width
60 ft.
Lot depth
66 ft.
Lot size
8,886 Sq. Ft.
Year renovated
1986
Sq. Ft.
1,664
Year built
1986
Style
Multi-Family (2-4 Unit)
County
Bay County
APN
15029085000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Aug 10, 2011 • Final
Roof
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Bathrooms: 10
Room Information
# of Rooms (Total): 20
Room Types: Bedroom
Room 1 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 2 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 3 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 4 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 5 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 6 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 7 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 8 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 9 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 10 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 11 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 12 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 13 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 14 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 15 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 16 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 17 Information
Bedroom
Level: Second
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 18 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 19 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Room 20 Information
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.0
Width: 10.0
Interior Features
Accessibility Features: Common Area
Multi Unit Information
Units Furnished: None
Exterior
Mobile Home Information
Mobile Dimension Units: Feet
Lot Information
Lot Size Area: 0.36
Lot Size Acres: 0.36
Lot Size Dimensions: 154x107
Property Information
Entry Level: 2
Financial
Tax Information
Annual Tax Amount: $598
Tax Year: 2023
Utilities
Utility Information
Utilities: Sewer Available
Sewer: Public Sewer
Location
Community Information
Community Features: Short Term Rental Allowed
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,664
Stories: 2.0
Lot Size: 8,886 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1986
Year Renovated: 1986
County: Bay County
APN: 15029085000
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Cedar Grove Elementary School
Public PreK-5 • Assigned • 1.0mi
4/10
Rutherford High School
Public 6-12 • Assigned • 0.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32401
Average low and high temperatures (°F)
61
42
68
51
73
56
79
62
82
70
88
76
90
78
88
76
87
73
81
63
75
57
66
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 5.7 hours in December, placing it above the
U.S. average for solar exposure.
9.7 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$788,000 – $954,000
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