116 Springfield Avenue Panama City, FL 32401
Single Family Attached
MLS #: 766434
Courtesy Of Neubauer Real Estate, Inc. ERA
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Exterior Type: Brick
- Exterior Type: Vinyl Siding
- Legal Description: N MOORETOWN (1.15) LOTS 1,2 BLK 9 ORB 4686 P 914
- MLSID: 766434
- Roof Type: Shingle
MAP & DIRECTIONS
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