116 Springfield Avenue, Panama City, FL 32401
Request More Information
  • All fields are required.
  • MLS#: 766434 ( CommercialSale )
  • Street Address: 116 Springfield Avenue
  • Viewed: 16
  • Price: $599,997
  • Price sqft: $206
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 2907
  • Days On Market: 230
  • Additional Information
  • Geolocation: 30.1469 / -85.6189
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cherry Street
  • Middle School: Everitt
  • High School: Rutherford
  • Provided by: ERA Neubauer Real Estate Inc
  • DMCA Notice
  • 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 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!
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
For a Fast & FREE Mortgage Pre-ApprovalApply Now
Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Roof: Shingle
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: WindowUnits
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: N MOORETOWN (1.15) LOTS 1, 2 BLK 9 ORB 4686 P 914
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 24226-000-000
  • The Range: 0.00
  • Views: 16
Similar Properties

Details for 2508 9th Street, Panama City, FL 32401
$650,000.00 ($424.01 / sqft )

2508 9th Street More Like This

Nestled on one of the most sought after streets in the historical St. Andrews area of Panama City, this two bedroom home offers a perfect blend of charm and modern updates. Zoned Mixed Use 2, just a s

  1. Approx. 1533 sqft
  1. MLSID: 766242
  2. Provided by Keller Williams Success Realty
  3. Provided through
  4. DMCA Notice
Details for 1623 15th Street, Panama City, FL 32401
$675,000.00 ($192.20 / sqft )

1623 15th Street More Like This

Seize the opportunity to own a premier commercial property situated on a high traffic corner lot along the bustling Highway 98 in Panama City. With 125 feet of prime frontage and a substantial propert

  1. Approx. 3512 sqft
  1. MLSID: 760938
  2. Provided by Seltzer Real Estate, LLC
  3. Provided through
  4. DMCA Notice
Details for 2900 5th Street, Panama City, FL 32401
$565,000.00 ($120.93 / sqft )

2900 5th Street More Like This

Prime Commercial Property located in the heart of Panama City! This versatile property spans 0.33 acres and features two distinct buildings offering incredible investment potential. The first building

  1. Approx. 4672 sqft
  1. MLSID: 765959
  2. Provided by ERA Neubauer Real Estate Inc
  3. Provided through
  4. DMCA Notice