Investment Opportunity in Historic Millville!Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $75,600 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience.The property has been well-maintained, with a new roof installed in December 2018 and fresh exterior paint applied in recent years. Its location is just a short walk to St. Andrews Bay and the Millville Waterfront Park, providing tenants with easy access to scenic views and outdoor activities. Millville's rich history as a hub for lumber and shipbuilding in the late 1800s adds a charming backdrop to this investment.
Rent rolls are available upon request, and the property is currently managed by ERA Neubauer Property Management for seamless operations.
Schedule a showing today with your preferred real estate professional to explore this unique opportunity in a historic and charming location!
Sold for $625,000 on 02/13/25
$625,000
215 Maine Ave, Panama City, FL 32401
10beds
4,080sqft
Single Family Residence
Built in 1980
0.39 Acres Lot
$626,500 Zestimate®
$153/sqft
$3,848 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 13, 2025 at 11:15pm
Listed by:
Kaci A Hawes 850-628-4537,
ERA Neubauer Commercial,
Heather H Neubauer 850-774-2832,
ERA Neubauer Commercial
Bought with:
Dillon W Drake, 3565558
Compass
Source: ECAOR,MLS#: 965138
Originating MLS: Emerald Coast
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Bedroom
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Cooktop, Refrigerator, Electric Range, Electric Water Heater
Features
- Bedroom, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
Property
Features
- Stories: 1
- Pool features: None
- Fencing: Partial,Privacy
Lot
- Size: 0.39 Acres
- Dimensions: 175 x 96 x 176 x 95
Details
- Parcel number: 22862000000
- Zoning description: Resid Multi-Family
- Special conditions: Accept Backup Offers
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Stone, Stucco
- Roof: Roof Shingle/Shake
Condition
- Construction Complete
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Panama City
- Subdivision: Holmes Addn
HOA & financial
Other financial information
- Total actual rent: 6300
Other
Other facts
- Listing terms: Conventional,Other
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$626,500
2% more+$12,530
With Zillow Showcase(estimated)$639,030