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$449,000

Est. payment - /mo

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7 Beds

4 Baths

0.34 Acres Lot

New

215 N Macarthur AVE Panama City, FL 32401

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Randall Fisher

realtor@coastalsunrealty.com +1(850) 249-2050

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Cove

MLS Listing ID 780852

Style Craftsman

Bedrooms 7

Full Baths 4

HOA Y/N No

Year Built 1945

Annual Tax Amount $5,458

Tax Year 2024

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Single Family Residence

Property Description

This property will sell quickly because of the tremendous investment income. 3 individual residences onsite. 213 N. Macarthur (above garage) a 2 bedroom / bathroom residence could rent for $1850 per month. 213 1/2 N. Macarthur a 1 bedroom / 1 bathroom (below garage) residence could rent for $1,000 per month. $2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity. Or, utilize both or one of the apartments for a mother-in-law quarters.

Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77. Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip. This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof. The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage. Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air. The entire property is on city water and sewer. Come find out why so many people are flocking to the Cove - make this home your own, it will not last long.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Heating Central, Electric, Natural Gas

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Hardwood

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Exterior

Exterior Feature Porch

Parking Features Additional Parking, Alley Access, Attached, Carport, Driveway, Garage, Garage Door Opener

Garage Spaces 2.0

Garage Description 2.0

Fence Fenced

Pool In Ground

Porch Covered, Patio, Porch, Screened

Building

Sewer Public Sewer

Architectural Style Craftsman

New Construction No

Schools

Elementary Schools Cherry Street

Middle Schools Jinks

High Schools Bay

Others

Tax ID 20736-000-000

Acceptable Financing Cash, FHA, VA Loan

Listing Terms Cash, FHA, VA Loan

Financing Conventional

Special Listing Condition Listed As-Is

Listed by Keller Williams Realty Emerald

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Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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215 N Macarthur AVE Panama City, FL 32401

Randall Fisher

Key Details

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