Homes for sale - 116 Springfield AVE, Panama City, FL 32401

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$ 605,000

Est. payment | -/mo

0.31 Acres Lot

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$ 605,000

Est. payment | -/mo

Save

0.31 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision [No Recorded Subdiv]

MLS Listing ID 766434

HOA Y/N No

Year Built 1952

Lot Size 0.310 Acres

Acres 0.31

Property Description

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 efficientmanagement. 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!

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Cooling Window Unit(s)

Fireplace No

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Shingle

Building

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Cherry Street

Middle Schools Everitt

High Schools Rutherford

Others

Tax ID 24226-000-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by ERA Neubauer Real Estate Inc

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+1(877) 366-2213

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