215 N MacArthur 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 3,184 sqft
Price per Sqft $141
Subdivision Cove
MLS Listing ID 988363
Style Contemporary
Bedrooms 7
Full Baths 4
Year Built 1945
Lot Dimensions 105x140
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 3184
Property Description
3 individual residences onsite. 213 N. Macarthur a 2 bedroom / 2 bathroom residence (above garage) could rent for $1850 per month. 213 1/2 N. Macarthur a 1 bedroom / 1 bathroom (below garage) residence could rent for $1,000 per month. $2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity. Or, utilize both or one of the apartments for a mother-in-law quarters.
Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77. Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip. This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof. The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage. Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air.
- alley parking for 3 cars at the efficiency apartment
-2 cars , 1 behind the other can park on the upstairs apartment driveway (not covered)
The entire property is on city water and sewer. Come find out why so many people are flocking to the Cove - make this home your own, it will not last long.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Single Family
Direction Travel eastbound on East 6th Street. Turn right onto North Macarthur Avenue. 215 North Macarthur Avenue is on the right.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Dining Room true
Kitchen true
Interior
Heating Central
Cooling Central Air
Flooring Floor Hardwood
Appliance Cooktop, Microwave, Stove/Oven Electric, Water Heater - Gas, Water Heater - Tnkls
Exterior
Parking Features Carport Attached
Garage Spaces 2.0
Carport Spaces 2
Pool Pool Type
Utilities Available Electric, Gas - Natural, Public Water, TV Cable
Street Surface Paved
Road Frontage City Street
Garage Yes
Building
Faces Travel eastbound on East 6th Street. Turn right onto North Macarthur Avenue. 215 North Macarthur Avenue is on the right.
Story 2
Sewer Public Sewer
Architectural Style Contemporary
New Construction No
Schools
Elementary Schools Cherry Street
Middle Schools Jinks
High Schools Bay
Others
Pets Allowed No
Tax ID 20736-000-000
Miscellaneous This property will sell quickly because of the tremendous investment income. 3 individual residences onsite. 213 N. Macarthur a 2 bedroom / 2 bathroom residence (above garage) could rent for $1850 per month. 213 1/2 N. Macarthur a 1 bedroom / 1 bathroom (below garage) residence could rent for $1,000 per month. $2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments.
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