Panama City, FL 32401
Property Inquiry
Contact Kaci Hawes about this property!
Property Details
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio.
As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses.
Schedule your private showing today with your preferred real estate professional!
| COUNTY | N/A |
| SUBDIVISION | NO RECORDED SUBDIVISION |
| PARCEL ID | |
| TYPE | Detached Single Family |
| STYLE | Traditional |
| ACREAGE | 0 |
| LOT ACCESS | City Road,Paved Road,See Remarks |
| LOT SIZE | 154x100x154x101 |
| HOA INCLUDE | N/A |
| HOA FEE | N/A |
| UTILITIES | Electric,Public Sewer,Public Water |
| PROJECT FACILITIES | N/A |
| ZONING | Resid Multi-Family |
| PARKING FEATURES | N/A |
| APPLIANCES | Cooktop,Refrigerator,Stove/Oven Electric |
| ENERGY | AC - Window/Wall,Heat - Wall/Window |
| INTERIOR | Renovated,Washer/Dryer Hookup |
| EXTERIOR | Porch,Renovated |
| ROOM DIMENSIONS | Bedroom : 13 x 8 Living Room : 20 x 13 Bedroom : 13 x 8 Bedroom : 13 x 8 Bedroom : 13 x 8 Bedroom : 13 x 8 Bedroom : 13 x 8 Living Room : 20 x 13 |
Schools
Location & Map
From Bay Medical Center, head south on North Bonita Ave. for approximately .2 miles. Turn left on Bus-US 98. Continue for approximately 1.6 miles and take a right onto Everitt Ave. Proceed approximately .6 miles and take a left on E First Court. Proceed to second street (700 ft) and take a left onto Springfield Ave. Property will be on the corner lot on the right