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1016 12th Street, Panama City, FL 32401
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1016 12th Street
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Would you like to sell your home before you purchase this one?
Priced at Only: $535,000
For more Information Call:
Address: 1016 12th Street, Panama City, FL 32401
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More Like This
  • MLS#: 778925 ( Residential )
  • Street Address: 1016 12th Street
  • Viewed: 3
  • Price: $535,000
  • Price sqft: $145
  • Waterfront: No
  • Year Built: 1969
  • Bldg sqft: 3679
  • Bedrooms: 7
  • Total Baths: 5
  • Full Baths: 5
  • Garage / Parking Spaces: 2
  • Days On Market: 10
  • Additional Information
  • Geolocation: 30.1704 / -85.6769
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: Caroline Add Unit 2
  • Elementary School: Northside
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Think Real Estate
  • DMCA Notice
  • Description
    Prime Panama City Investment Dual Home Gem Near Beach Drive! Unlock a rare opportunity with this investor's paradise in vibrant Panama City, FL! This dual home property offers incredible income potential and lifestyle perks, just a short stroll from Beach Drive's stunning waterfront and the lively St. Andrews area. Whether you're an investor, a young family, or seeking a beachside retreat, this versatile property is your ticket to coastal living and financial success. Property Features: Two Distinct Homes on one deeded lot with separate postal addresses for maximum flexibility. Front Home: Expansive 5 bed, 3 full bath layout, currently generating $2,600/month in rental income. Back Home: Charming 2 bed, 2 bath unit, previously rented for $1,600/month, ideal for short term or long term rentals. Flexible Bonus Space: Over 200 sq ft in the garage, ready to convert into an extra bedroom and bathroom, entertainment hub, or home office. Two Car Garage with convenient back alley access for additional parking and easy entry. Modern Upgrades: Post Hurricane Michael new roof, sleek granite countertops, new appliances, updated HVAC, and a cost saving well powered irrigation system. Spacious Living Areas: Both homes boast large common spaces perfect for family gatherings or guest entertaining. Endless Possibilities: This property is a goldmine for investors! Keep the front unit rented, live in it as a family, or use the back unit for Airbnb or long term tenants. The additional flex space allows you to boost rental income or customize for personal use. A young family could settle into the spacious front home while renting out the back to offset costs. The options are truly limitless! Unbeatable Location: Steps from Beach Drive: Enjoy morning walks or sunset views along Panama City's beautiful waterfront. St. Andrews Vibes: Savor top tier restaurants, nightlife, and local charm just minutes away. Family Friendly: Walk to the Bay County Library and nearby schools, making daily life a breeze. Central Convenience: Perfectly situated for work, play, and relaxation. Why Buy Now? With 7 bedrooms, 5 full bathrooms, and modern upgrades, this property blends affordability with opportunity. Live steps from the beach, enjoy rental income, and customize the space to suit your vision. Whether you're seeking a primary residence with income potential or a high return investment, this Panama City gem delivers. Don't waitthis unique dual home property won't last long! Schedule a tour today and seize your chance to own a slice of coastal paradise with endless potential.
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Features
Building and Construction
  • Covered Spaces: 2.00
  • Fencing: Full, Fenced
  • Living Area: 0.00
  • Other Structures: GuestHouse, Workshop
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Northside
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, AlleyAccess, Attached, Carport, DriveThrough, Driveway, Garage
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Electric
  • Sewer: PublicSewer
  • Utilities: CableConnected, TrashCollection
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
  • Appliances: Dishwasher, IceMaker, Microwave, Refrigerator
  • Legal Description: CAROLINE ADD. UNIT #2 W1/2 LOT 3 & PARCEL 100' BY 115' ADJ W. SIDE BLK 5-A ORB 4176 P 1906
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 18868-000-000
  • Style: Duplex
  • The Range: 0.00
Nearby Subdivisions
[no Recorded Subdiv]   Abbott's Add To Cedar Grove   Bay Club Condo Ph 1   Bayou Plat   Bayside   Bayview Add   Boden Addition   Bry-co Park   Bunkers Cove   Caroline Add Unit 1 Amend   Caroline Add Unit 2   Caroline Add Unit 3   Caroline Addition   Carver Heights   Corley's 2nd Add   Cove   Cove Pointe   Cove Terrace   Cove Terrace 2nd Add   Cove Terrace 3rd Add   Del-mar Plat   Dell Whatley   Doty   Driftwood Estates   East Springfield   Glenwood Addition   Grove Heights   Gwaltney Estates   Harmon Plat   Holmes Add- Millville   Hursts Replat   Keiths Bay Harbor Add   La Paloma On The Water   Lakeside   Lakeside Plat   Lincoln Park   Lincoln Park 1st Addition   Massalina Bayou Townhouses   Millville   Mooretown   N Highland   N/a   No Named Subdivision   North Mooretown   Oak Hammock   Oak Hill   Oakland Terr Sub 18th   Oakland Terrace Add   Oakridge 1st Add.wnhs   Old Mill Addition   Old Orchard   Old Orchard 1st Add   Old Town Plat   Pine Crest Add To Callaway   Pine-lea 2nd   Pinecrest Add.   Robindale   Rosenwald Heights   Segler   Shermans 2nd Add   Shermans Add   Springfield   Sudduths 10th Add   Sudduths 1st Add   Sudduths 2nd Add   Sudduths 3rd Add   Sudduths 4th Add   Sudduths 8th Add   Sunnyland Heights   The Landings At Lake Caroline    Ware Estate   Welch Add  
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