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116 Springfield Avenue, Panama City, FL 32401
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116 Springfield Avenue
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Would you like to sell your home before you purchase this one?
Priced at Only: $605,000
For more Information Call:
Address: 116 Springfield Avenue, Panama City, FL 32401
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More Like This
  • MLS#: 766434 ( CommercialSale )
  • Street Address: 116 Springfield Avenue
  • Viewed: 1
  • Price: $605,000
  • Price sqft: $208
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 2907
  • Days On Market: 10
  • Additional Information
  • Geolocation: 30.1469 / -85.6189
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cherry Street
  • Middle School: Everitt
  • High School: Rutherford
  • Provided by: ERA Neubauer Real Estate Inc
  • DMCA Notice
  • Description
    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 efficientmanagement. 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!
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Roof: Shingle
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: WindowUnits
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: N MOORETOWN (1.15) LOTS 1, 2 BLK 9 ORB 4686 P 914
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 24226-000-000
  • The Range: 0.00
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Nearby Subdivisions
[no Recorded Subdiv]   E Springfield   Ellis, E.d.   Glenwood Addition   Holmes Add- Millville   No Named Subdivision   Shermans Add   Springfield   St Andrews Harbour   Sudduths 1st Add   Sunnyland Heights   Ware Estate  
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Headshot for Associate John Holtje
  1. John Holtje
  2. Tropic Shores Realty
  3. 352.587.3980
  4. bigjohnholtje@gmail.com