116 Springfield Avenue
Panama City, FL 32401
- 6 beds
- 6 baths
- 2,907 sqft
- 13,503 sqft lot
- $208 per sqft
- 1952 build
- – on site
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!
Last checked:
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Last updated Feb 11, 2025
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MLS# 965132 —
The Building
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Year Built:1952
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Construction Materials:Brick, Roof Dimensional Shg, Trim Vinyl
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Building Area Total:2907.0
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Building Area Source:County PA Records
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Architectural Style:Traditional
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Basement:None
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Stories:1
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Levels:None
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Foundation Details:None
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Exterior Features:Porch, Renovated
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Patio And Porch Features:None
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Accessibility Features:None
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Security Features:None
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Direction Faces:None
Interior
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Interior Features:Renovated, Washer/Dryer Hookup
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Rooms Total:8
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Flooring:None
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Buyer Financing:Conventional, Other
Location
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Directions:From Bay Medical Center, head south on North Bonita Ave. for approximately .2 miles. Turn left on Bus-US 98. Continue for approximately 1.6 miles and take a right onto Everitt Ave. Proceed approximately .6 miles and take a left on E First Court. Proceed to second street (700 ft) and take a left onto Springfield Ave. Property will be on the corner lot on the right
The Property
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Property Type:Residential
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Property Subtype:Detached Single Family
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Property Condition:Construction Complete
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Property Attached:None
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Lot Features:Cleared, Corner, See Remarks
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Lot Size Acres:0.31
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Lot Size Area:0.31
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Lot Size Dimensions:154x100x154x101
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Lot Size SqFt:13503.6
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Lot Size Units:Acres
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Zoning:Resid Multi-Family
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Possible Use:None
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Parcel Number:24226-000-000
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Topography:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:City Street
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Road Surface Type:Paved
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Legal Description:N MOORETOWN (1.15) LOTS 1,2 BLK 9 ORB 4686 P 914
Beds
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Bedrooms Total:6
Baths
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Total Baths:6.0
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Total Baths:6
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Full Baths:6
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Partial Baths:None
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Home Warranty:No
Heating & Cooling
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Heating:Wall/Window
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Heating:true
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Cooling:Wall/Window Unit(s)
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Cooling:true
Utilities
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Utilities:Electric, Public Sewer, Public Water
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Electric:None
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Sewer:None
Appliances
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Appliances:Cooktop, Refrigerator, Stove/Oven Electric
Schools
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Elementary School:Cherry Street
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Elementary School District:None
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Middle Or Junior School:Everitt
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Middle Or Junior School District:None
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High School:Rutherford
The Community
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Subdivision Name:NO RECORDED SUBDIVISION
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Association:No
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Association Amenities:None
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Association Fee:None
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Pool Private:None
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Spa Features:None
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Pets Allowed:None
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Senior Community:No
Parking
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Carport:false
Monthly cost estimate
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Asking price
$605,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,239
|
Taxes | N/A |
Insurance | $166 |
Utilities | $258 See report |
Total | $3,663/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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12/22/24
Dec 22, 2024
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Listed / Active | ECARMLS | $605,000 | 8.0% (4.8% / YR) |
4/24/23
Apr 24, 2023
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ECARMLS | $560,000 |