819 Russ Lake Drive, Panama City, FL 32404
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  • MLS#: 769484 ( Residential )
  • Street Address: 819 Russ Lake Drive
  • Viewed: 48
  • Price: $239,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1971
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 171
  • Additional Information
  • Geolocation: 30.1642 / -85.6039
  • County: BAY
  • City: Panama City
  • Zipcode: 32404
  • Subdivision: No Named Subdivision
  • Elementary School: Parker
  • Middle School: Rutherford
  • High School: Rutherford
  • Provided by: Coldwell Banker Realty
  • DMCA Notice
  • Description
    Investor & Builder Alert! Multi Use Duplex with Expansion Potential FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31 acre corner lot in a mixed use zone and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters perfect for long term tenants or short term rental flexibility.Renovations are underway and include:✔️ New windows, subfloor, PEX plumbing & electrical wiring✔️ New HVAC system & ductwork (upstairs)✔️ Recessed lighting throughout✔️ Tankless water heater✔️ New roof (2019), new siding, exterior stairs to upper unit✔️ RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 2260.00
Property Information
  • Property Condition: UnderConstruction
School Information
  • High School: Rutherford
  • Middle School: Rutherford Middle
  • School Elementary: Parker
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central
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
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Furnished: Unfurnished
  • Legal Description: 1-4S-14W-106-118A3 BEG SW COR SEC N 2010' E 1290' S 519.59' FOR POB W 97.5' S 140' E 97.5' N 140' TO BEG ORB 4501 P 354
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Vacant
  • Parcel Number: 15033-000-000
  • Style: Duplex
  • The Range: 0.00
  • Views: 48