116 Springfield AVE Panama City, FL 32401
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,907 sqft
Price per Sqft $206
Subdivision No Recorded Subdivision
MLS Listing ID 965132
Style Traditional
Bedrooms 6
Full Baths 6
Year Built 1952
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 154x100x154x101
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 2907
Property Description
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!
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Multi-Family
Direction 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
Interior
Interior Features Washer/Dryer Hookup
Heating Heat - Wall/Window
Cooling Wall/Window Unit(s)
Appliance Cooktop, Refrigerator, Stove/Oven Electric
Exterior
Exterior Feature Porch, Renovated
Utilities Available Electric, Public Water
Roof Type Dimensional Shingle
Street Surface Paved
Porch Porch
Road Frontage City Street
Garage No
Building
Lot Description Cleared, Corner, See Remarks
Faces 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
Story 1
Sewer Public Sewer
Architectural Style Traditional
New Construction No
Schools
Elementary Schools Cherry Street
Middle Schools Everitt
High Schools Rutherford
Others
Pets Allowed No
Tax ID 24226-000-000
Miscellaneous 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
Special Listing Condition Accept Backup Offers
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