$605,000

116 Springfield Avenue, Panama City, FL 32401, US

Summary

Style: Multi Family
Year Built: 1952

Moving Quotes

primary photo for 116 Springfield Avenue, Panama City, FL 32401, US

Remarks

Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, eachfeaturing one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completelyupdated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rollsavailable. 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 kitchencabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficientmanagement. Professionally managed by ERA Neubauer Property Management, this property is anexcellent addition to any investment portfolio.As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is alsolisted for sale at $65,000, (MLS 766435) providing an ideal opportunity for additional development or other creativeuses. Schedule your private showing today with your preferred real estate professional!

Details

MLS#: 766434
Price: $605,000

Style: Multi Family
Year Built: 1952

County: Bay
Subdivision: [no Recorded Subdiv]
Lot Size: 154x100x154x101

School Elementary: Cherry Street
School Middle: Everitt
School High: Rutherford

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Broker Contact


ERA Neubauer Real Estate Inc
Northwest Florida Leader
740 S Tyndall Pkwy
Panama City, FL, 32404
US
Tom Neubauer
! (850) 785-1551
! eratyndall740@gmail.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Central Panhandle Association of REALTORS
Last updated: 2024-12-21T16:14:09.000-05:00.
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