116 Springfield Avenue

Panama City, FL 32401

$605,000
Price
—
Beds
2,907 Sq. Ft.
$208 / Sq. Ft.
2,907
Sq. Ft.
$208
per Sq. Ft.

Description

Welcome to a Turnkey Investment Opportunity! This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury...Welcome to a Turnkey Investment Opportunity! This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficientmanagement. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!
  1. Listed by Heather H Neubauer • ERA Neubauer Real Estate Inc
  2. Listed by Kaci A Hawes • ERA Neubauer Real Estate, Inc

Property Details for 116 Springfield Avenue

Waterfront
No
Subdivision Name
[No Recorded Subdiv]
Zoning Description
Resid Multi-Family
LISTING UPDATED: 12/22/2024 12:22 PM

Property Details for 116 Springfield Avenue

StatusActive
MLS #766434
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family / Multi Family
Year Built1952
Lot Size0.31 AC / 13,503 SF
CountyBay County

Building Information for 116 Springfield Avenue

Stories-Residences-Year Built1952Building Size-Lot Size0.31 AC / 13,503 SF

Property Information for 116 Springfield Avenue

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From Bay Medical Center, head south on North Bonita Ave. for approximately .2 miles. Turn left on Bus-US 98. Continue for approximately 1.6 miles and take a right onto Everitt Ave. Proceed approximately .6 miles and take a left on E First Court. Proceed to second street (700 ft) and take a left onto Springfield Ave. Property will be on the corner lot on the right
  • Postal Code: 32401
  • Latitude: 30.146857
  • Longitude: -85.618867
  • State Or Province: FL
  • Road Frontage Type: City Street
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 24226-000-000
  • Association: No
  • Tax Legal Description: N MOORETOWN (1.15) LOTS 1,2 BLK 9 ORB 4686 P 914
School Information
  • Elementary School: Cherry Street
  • High School: Rutherford
  • Middle Or Junior School: Everitt
Property
Lot Information
  • Building Area Total: 2907.0
  • Lot Size Acres: 0.31
  • Lot Size Dimensions: 154x100x154x101
Property and Assessments
  • Year Built: 1952
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Roof: Shingle
Interior Features
  • Levels: One
  • Stories: 1
  • Cooling: Yes
  • Cooling: Window Units
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 116 Springfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Springfield Avenue

Taxable ValueLand$21,922Additions$79,126Total$101,048
Tax Record2023$1,550 ($129 / month)
Home Facts
Total Finished SqFt442 SqFtAbove Grade Finished SqFt442 SqFtStories1Lot Size13,460 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952CountyBAYAPN24226-000-000

Schools near 116 Springfield Avenue

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - PK to 12
Rating
School
Distance
Merriam Cherry Street Elementary School
PublicPK to 5

Everitt Middle School
Public6 to 8

Rutherford High School
Public6 to 12

Margaret K. Lewis In Millville
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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116 Springfield Avenue is a multi-family home for sale in Panama City, FL 32401. This property was listed for sale on December 21, 2024 by ERA Neubauer Real Estate Inc, it's currently listed at $605,000. It has been on the market for a total of 1 days and was last sold on April 24, 2023. This listing's school district is Bay. Nearby schools include Merriam Cherry Street Elementary School, Everitt Middle School and Rutherford High School. 116 Springfield Avenue is a 0-bed, 0-bath, 2,907 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Neubauer Real Estate Inc; ERA Neubauer Real Estate, Inc

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.