116 Springfield AVE, Panama City, FL 32401
116 Springfield AVE, Panama City, FL 32401
116 Springfield AVE, Panama City, FL 32401
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$608,000
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2,907 SqFt
Active

116 Springfield AVE Panama City, FL 32401

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Randall Fisher

Randall Fisher

+1(850) 249-2050

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,907 sqft

Price per Sqft $209

Subdivision No Named Subdivision

MLS Listing ID 790575

HOA Y/N No

Year Built 1952

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

Property Description

Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen.

Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops.

For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio.

Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Fireplace No

Exterior

Roof Type Composition,Shingle

Private Pool No

Building

Foundation Slab

Schools

Elementary Schools Cherry Street

Middle Schools Everitt

High Schools Rutherford

Others

Tax ID 24226-000-000

Listed by Beachy Beach Real Estate

NEARBY SCHOOL & BUSINESS

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Randall Fisher

Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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116 Springfield AVE

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