The Story

116 Springfield Avenue

Panama City, FL 32401 · Multi-Family Home

Serious price improvement. The numbers make great sense, solid ROI. Add to your portfolio today! Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. …


Facts & Features

Property Info

Price
$578,000
Completion Year
1,952
Living Space
2,907 sq ft
Bedrooms
6
Bathrooms
6

Features & Amenities

Pool

Yes

Cooling

Window Units

Appliances

Electric Cooktop, Electric Oven

Roof

Shingle

Sewer

Public Sewer

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Listing Broker

Beachy Beach Real Estate

Broker Name

Beachy Beach Real Estate

Agent

Heather Fox

Location

Panama City FL 32401