$599,997

116 Springfield Avenue, Panama City, FL 32401

  • 2,907 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1952
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $206/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

Welcome to a Turnkey Investment Opportunity! This fully remodeled property at 116 Springfield Ave (2021) 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. This property is an excellent addition to any investment portfolio.

Listing Status:
Active
Date Added:
December 21, 2024 at 06:00AM
Listing Office:
ERA Neubauer Real Estate Inc : 850-785-1551
MLS ID:
766434
  • General: Brick
  • Road/Access: City Street
  • Originating MLS: CPAR_CPAR
  • County: Bay
  • Zoning: N MOORETOWN (1.15) LOTS 12 BLK 9 ORB 4686 P 91424226-000-000
  • Utilities: Sewer Available
  • Sewer: Public Sewer
  • Source: CPAR_CPAR

This listing courtesy of ERA Neubauer Real Estate Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Merriam Cherry Street Elementary School

1125 Cherry St, Panama City, FL, 32401

Grades PK-5

1.59 miles away

M

Margaret K. Lewis in Millville

203 N East Ave, Panama City, FL, 32401

Grades PK-12

0.45 miles away

R

Rutherford High School

1000 School Ave, Panama City, FL, 32401

Grades 6-12

1.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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