215 Maine Avenue

Panama City, FL 32401

$665,000
Price
—
Beds
4,080 Sq. Ft.
$163 / Sq. Ft.
4,080
Sq. Ft.
$163
per Sq. Ft.

Description

Investment Opportunity in Historic Millville! Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $63,300 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience. The property has been well-maintained, with a new roof installed in December 2018 and fresh...Investment Opportunity in Historic Millville! Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $63,300 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience. The property has been well-maintained, with a new roof installed in December 2018 and fresh exterior paint applied in recent years. Its location is just a short walk to St. Andrews Bay and the Millville Waterfront Park, providing tenants with easy access to scenic views and outdoor activities. Millville's rich history as a hub for lumber and shipbuilding in the late 1800s adds a charming backdrop to this investment. Rent rolls are available upon request, and the property is currently managed by ERA Neubauer Property Management for seamless operations. Rent Rolls available for review. Schedule a showing today with your preferred real estate professional to explore this unique opportunity in a historic and charming location!
  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 215 Maine Avenue

Waterfront
No
Subdivision Name
Holmes Add- Millville
Zoning Description
Resid Multi-Family
LISTING UPDATED: 12/22/2024 01:17 PM

Property Details for 215 Maine Avenue

StatusActive
MLS #766432
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family / Multi Family
Year Built1980
Lot Size0.39 AC / 16,988 SF
CountyBay County

Building Information for 215 Maine Avenue

Stories1Residences-Year Built1980Building Size-Lot Size0.39 AC / 16,988 SF

Property Information for 215 Maine Avenue

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Start out going east on E Highway 98/US-98 Bus E/FL-30 toward N Cove Blvd. Continue to follow US-98 Bus E/FL-30. Turn right onto Sherman Ave. Take the 2nd left onto E 3rd St. Take the 1st right onto Maine Ave. 215 MAINE AVE is on the right.
  • Postal Code: 32401
  • Latitude: 30.151454
  • Longitude: -85.632626
  • State Or Province: FL
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 22862-000-000
  • Association: No
  • Tax Legal Description: HOLMES ADD LOT 1 BLK 7 ORB 4492 P 2020 MAP 105D4
School Information
  • Elementary School: Cherry Street
  • High School: Bay
  • Middle Or Junior School: Jinks
Property
Lot Information
  • Building Area Total: 4080.0
  • Lot Size Acres: 0.39
Property and Assessments
  • Year Built: 1980
  • 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: Stone, Stucco
  • Roof: Shingle
Interior Features
  • Levels: One
  • Stories: 1
  • Stories Total: 1
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans, Electric
  • Heating: Yes
  • Heating: Central, Electric
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Rental
Rental Information
  • Occupant Type: Occupied

Property History for 215 Maine 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 215 Maine Avenue

Taxable ValueLand$44,571Additions$497,483Total$542,054
Tax Record2023$8,983 ($749 / month)
Home Facts
Total Finished SqFt4,080 SqFtAbove Grade Finished SqFt4,080 SqFtStories1Lot Size16,988 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated2020CountyBAYAPN22862-000-000

Schools near 215 Maine Avenue

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Merriam Cherry Street Elementary School
PublicPK to 5

Jinks Middle School
Public6 to 8

Bay High School
Public9 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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215 Maine 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 $665,000. It has been on the market for a total of 1 days and was last sold on September 24, 2021. This listing's school district is Bay. Nearby schools include Merriam Cherry Street Elementary School, Jinks Middle School and Bay High School. 215 Maine Avenue is a 0-bed, 0-bath, 4,080 sqft multi-family home built in 1980.

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.