116 Springfield Avenue, Panama City, FL 32401

$608,000.00
  • 116 Springfield Avenue, Panama City, FL 32401 Main Photo

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New to the Market Active
SQUARE FEET2,907 MLS#790575
STATUSActive PROPERTY TYPECommercial - Business

Property Description

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. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

Property Features

Property Type: Commercial - Business
Days on Market: 2
Lot Size: 0.31 Acres
Roof Type: Composition, Shingle
Year Built: 1952

Feature Descriptions

Exterior: Block, Vinyl Siding
Lot Dimensions: 0
Parcel#: 24226-000-000

Local Schools

High School: Rutherford
Middle School: Everitt
Elementary School: Cherry Street

Listed By / Shown By

Listed By

Agency Name: Beachy Beach Real Estate

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