116 Springfield Avenue, Panama City, FL 32401

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$599,997

bedrooms

bathrooms

square feet

Acreage

0.31

Open Houses

year built

1952

Full Baths

Half Baths

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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!

Location
Subdivision	[no Recorded Subdiv]
County	Bay
Elementary School	Cherry Street
Middle School	Everitt
High School	Rutherford

Driving directions

Open houses

None scheduled.

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MLS number: 766434

Listing agent: Heather H Neubauer #3257545

Listing broker: Neubauer Real Estate, Inc. Era (850) 785-1551

Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, February 26 2025 at 9:39 p.m. EST

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