215 Macarthur Avenue, Panama City, FL 32401
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  • MLS#: 780852 ( Residential )
  • Street Address: 215 Macarthur Avenue
  • Viewed: 13
  • Price: $449,000
  • Price sqft: $141
  • Waterfront: No
  • Year Built: 1945
  • Bldg sqft: 3184
  • Bedrooms: 7
  • Total Baths: 4
  • Full Baths: 4
  • Garage / Parking Spaces: 2
  • Days On Market: 12
  • Additional Information
  • Geolocation: 30.1487 / -85.6496
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: Cove
  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Keller Williams Realty Emerald
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  • Description
    This property will sell quickly because of the tremendous investment income. 3 individual residences onsite. 213 N. Macarthur (above garage) a 2 bedroom / bathroom residence could rent for $1850 per month. 213 1/2 N. Macarthur a 1 bedroom / 1 bathroom (below garage) residence could rent for $1,000 per month. $2850 per month in potential rental income enough to cover your mortgage so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity. Or, utilize both or one of the apartments for a mother in law quarters. Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77. Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip. This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof. The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage. Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air. The entire property is on city water and sewer. Come find out why so many people are flocking to the Cove make this home your own, it will not last long.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Porch
  • Fencing: Fenced
  • Flooring: Carpet, Hardwood
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking, AlleyAccess, Attached, Carport, Driveway, Garage, GarageDoorOpener
Eco-Communities
  • Pool Features: InGround
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central, Electric, NaturalGas
  • Sewer: PublicSewer
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: Disposal, Microwave, Refrigerator
  • Legal Description: SUDDUTHS 1ST ADD. LOTS 18 & 19 BLK 36 ORB 3760 P 1137
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 20736-000-000
  • Style: Craftsman
  • The Range: 0.00
  • Views: 13