1016 W 12th ST Panama City, FL 32401
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Caroline Add Unit 2
MLS Listing ID 778925
Style Duplex
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 1969
Annual Tax Amount $5,165
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Duplex
Property Description
Property Features:
Two Distinct Homes on one deeded lot with separate postal addresses for maximum flexibility.
Front Home: Expansive 5 bed, 3 full bath layout, currently generating $2,600/month in rental income.
Back Home: Charming 2 bed, 2 bath unit, previously rented for $1,600/month, ideal for short-term or long-term rentals.
Flexible Bonus Space: Over 200 sq ft in the garage, ready to convert into an extra bedroom and bathroom, entertainment hub, or home office.
Two-Car Garage with convenient back alley access for additional parking and easy entry.
Modern Upgrades: Post-Hurricane Michael new roof, sleek granite countertops, new appliances, updated HVAC, and a cost-saving well-powered irrigation system.
Spacious Living Areas: Both homes boast large common spaces perfect for family gatherings or guest entertaining.
Endless Possibilities:
This property is a goldmine for investors! Keep the front unit rented, live in it as a family, or use the back unit for Airbnb or long-term tenants. The additional flex space allows you to boost rental income or customize for personal use. A young family could settle into the spacious front home while renting out the back to offset costs. The options are truly limitless!
Unbeatable Location:
Steps from Beach Drive: Enjoy morning walks or sunset views along Panama City's beautiful waterfront.
St. Andrews Vibes: Savor top-tier restaurants, nightlife, and local charm just minutes away.
Family-Friendly: Walk to the Bay County Library and nearby schools, making daily life a breeze.
Central Convenience: Perfectly situated for work, play, and relaxation.
Why Buy Now?
With 7 bedrooms, 5 full bathrooms, and modern upgrades, this property blends affordability with opportunity. Live steps from the beach, enjoy rental income, and customize the space to suit your vision. Whether you're seeking a primary residence with income potential or a high-return investment, this Panama City gem delivers.
Don't wait—this unique dual-home property won't last long! Schedule a tour today and seize your chance to own a slice of coastal paradise with endless potential.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Electric
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Dishwasher, Ice Maker, Microwave, Refrigerator
Exterior
Parking Features Additional Parking, Alley Access, Attached, Carport, Drive Through, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Full, Fenced
Utilities Available Cable Connected, Trash Collection
Building
Dwelling Type Duplex
Sewer Public Sewer
Architectural Style Duplex
Additional Building Guest House, Workshop
New Construction No
Schools
Elementary Schools Northside
Middle Schools Jinks
High Schools Bay
Others
Tax ID 18868-000-000
Acceptable Financing Assumable, Cash, FHA, VA Loan
Listing Terms Assumable, Cash, FHA, VA Loan
Financing Conventional,Other,USDA
Special Listing Condition Listed As-Is
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