FL > Panama City > No Named Subdivision
Panama City, FL 32404,819 Russ Lake DR
Panama City, FL 32404,819 Russ Lake DR
Panama City, FL 32404,819 Russ Lake DR
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$239,900
Est. payment /mo
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5 Beds
3 Baths
0.31 Acres Lot
Active

819 Russ Lake DR Panama City, FL 32404

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Randall Fisher

Randall Fisher

+1(850) 249-2050

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 769484

Style Duplex

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1971

Annual Tax Amount $1,352

Tax Year 2024

Lot Size 0.310 Acres

Acres 0.31

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 shed

Public 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

Area 02 - Bay County - Central

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Available

Building

Dwelling Type Duplex

Architectural Style Duplex

New Construction No

Schools

Elementary Schools Parker

Middle Schools Rutherford Middle

High Schools Rutherford

Others

Tax ID 15033-000-000

Listed by Coldwell Banker Realty

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Randall Fisher

Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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819 Russ Lake DR

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