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116 Springfield Avenue

Panama City, FL 32401
  • $605,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 965132
UPDATED: 28 min ago
$605,000
  • 6
    BEDS
  • 0.31
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 2,907
    SQFT
  • $208
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1952
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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 efficient management. Professionally managed by ERA Neubauer Property Management, 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!

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© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rev Realty. Vendor Member number: 28178. Data last updated: 2025-02-13T10:00:45.237.
Vendor Member #28178.
www.revrealtyflorida.com/homes/158990352
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116 Springfield Avenue Panama City, FL 32401

  • Price: $605,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 28 min ago
  • MLS #: 965132
6
Beds
6
Baths
0
½ Baths
0.31
Acres
2,907
SQFT
$208
$/SQFT
1952
Built
Neighborhood:
No Recorded Subdivision
County:
Bay
Area:
Bay County
Elementary School:
Cherry Street
Middle School:
Everitt
High School:
Rutherford
Property Description
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 efficient management. Professionally managed by ERA Neubauer Property Management, 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!
Exterior Features

Architectural Style Traditional Carport YN No Construction Materials BrickRoof Dimensional ShgTrim Vinyl Exterior Features PorchRenovated Lot Features ClearedCornerSee Remarks Lot Size Dimensions 154x100x154x101 Parking Features [] Pool YN No Road Frontage Type City Street Road Surface Type Paved View [] Waterfront Features []

Interior Features

Appliances CooktopRefrigeratorStove/Oven Electric Cooling Wall/Window Unit(s) Cooling YN Yes First Floor Bedroom Yes Heating Wall/Window Heating YN Yes Interior Features RenovatedWasher/Dryer Hookup Rooms Total 8

Property Features

Association Fee Includes [] Buyer Financing ConventionalOther Community Features [] Green Energy Efficient [] New Construction YN No Pool Type None Property Condition Construction Complete Property Sub Type Detached Single Family Special Listing Conditions Accept Backup Offers Utilities ElectricPublic SewerPublic Water Zoning Resid Multi-Family

Listing courtesy of ERA Neubauer Commercial: 850-872-3434.


© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rev Realty. Vendor Member number: 28178. Data last updated: 2025-02-13T10:00:45.237.
Vendor Member #28178.
 
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