Florida
Panama City
2525 Michigan Court

$205,000

2525 Michigan Court, Panama City, FL 32405

2 beds |
2 baths |
880 sqft

Single-Family Home
Built in 1986
3,920sqft lot
1 car garage
$233/sqft
Listed 2 months ago

Property Description

Looking for a hassle-free investment property with immediate rental income? This charming 2-bedroom, 2-bathroom home at 2525 Michigan Ct, Panama City, FL is already leased to great tenants, making it the perfect turnkey opportunity!Situated in a convenient location near shopping, schools, and entertainment, this well-maintained home features central air and heating and an attached garage. The brick exterior and shingle roof add to its durability, ensuring long-term value.With steady rental income of $1,500/month, low property taxes, and an estimated 8.6% cap rate, this is a fantastic addition to any investor's portfolio. Don't miss out on this income-producing property in a growing market!

Listing Status:: Active
Date Added:: March 19, 2025 at 05:00AM
Listing Office:: LSI REALTY & MANAGEMENT LLC : (850) 636-6700
MLS ID:: 770629

Style: Contemporary
Pool: None

This listing courtesy of LSI REALTY & MANAGEMENT LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lucille Moore Elementary School

1900 Michigan Ave, Panama City, FL, 32405

Grades PK-5

0.74 miles away

Rising Leaders Academy

1527 Lincoln Ave, Panama City, FL, 32405

Grades KG-12

1.52 miles away

Bay Virtual Instruction Program

1515 June Ave, Panama City, FL, 32405

Grades KG-11

2.09 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.