For sale
  • $599,997

    116 Springfield Ave, Panama City, FL 32401

    6beds
    2,907sqft
    : 
    Single Family Residence
    Built in 1952
    0.31 Acres Lot
    $571,900 Zestimate®
    $206/sqft
    $-- HOA

    What's special

    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 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!
    229 days
    on Zillow
    |
    140
    |
    11
    |

    Likely to sell faster than

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