53
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$599,997
Est. payment /mo
0.31 Acres Lot
Active
116 Springfield AVE Panama City, FL 32401
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision [No Recorded Subdiv]
MLS Listing ID 766434
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 Investment Opportunity!
This fully remodeled property at 116 Springfield Ave (2021) 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 efficient
management.
This property is an excellent addition to any investment portfolio.
This fully remodeled property at 116 Springfield Ave (2021) 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 efficient
management.
This property is an excellent addition to any investment portfolio.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available Sewer Available, Water Connected
Building
Sewer Public Sewer
Schools
Elementary Schools Cherry Street
Middle Schools Everitt
High Schools Rutherford
Others
Tax ID 24226-000-000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Listed As-Is
Listed by ERA Neubauer Real Estate Inc
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