819 Russ Lake DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32404
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $106
Subdivision No Named Subdivision
MLS Listing ID 769484
Style Duplex
Bedrooms 5
Full Baths 3
Year Built 1971
Annual Tax Amount $1,352
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Duplex
Property Description
Investor & Builder Alert! Multi-Use Duplex with Expansion Potential--FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone--and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters--perfect for long-term tenants or short-term rental flexibility.Renovations are underway and include:✔️ New windows, subfloor, PEX plumbing & electrical wiring✔️ New HVAC system & ductwork (upstairs)✔️ Recessed lighting throughout✔️ Tankless water heater✔️ New roof (2019), new siding, exterior stairs to upper unit✔️ RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach--home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Central
Cooling Central Air
Exterior
Pool None
Community Features Short Term Rental Allowed
Building
Dwelling Type Duplex
Schools
Elementary Schools Parker
Middle Schools Rutherford Middle
High Schools Rutherford