116 Springfield Ave Panama City, FL 32401
Estimated payment $3,920/month
Total Views
6,542
6
Beds
6
Baths
2,907
Sq Ft
$206
Price per Sq Ft
Highlights
- Traditional Architecture
- Porch
- Living Room
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
About This Home
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 efficient management.
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!
Home Details
Home Type
- Single Family
Year Built
- Built in 1952
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 154x100x154x101
- Corner Lot
- Cleared Lot
- Property is zoned Resid Multi-Family
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Dimensional Roof
- Vinyl Trim
Interior Spaces
- 2,907 Sq Ft Home
- 1-Story Property
- Living Room
- Exterior Washer Dryer Hookup
Kitchen
- Electric Oven or Range
- Cooktop
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Outdoor Features
- Porch
Schools
- Cherry Street Elementary School
- Everitt Middle School
- Rutherford High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 24226-000-000
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Price Changed | $599,997 | -0.8% | $206 / Sq Ft |
| 12/21/2024 12/21/24 | For Sale | $605,000 | +8.0% | $208 / Sq Ft |
| 04/24/2023 04/24/23 | Sold | $560,000 | -3.3% | $204 / Sq Ft |
| 04/07/2023 04/07/23 | For Sale | $579,000 | 0.0% | $211 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 03/04/2023 03/04/23 | For Sale | $579,000 | 0.0% | $211 / Sq Ft |
| 02/08/2023 02/08/23 | Rented | $800 | 0.0% | -- |
| 01/20/2023 01/20/23 | Off Market | $800 | -- | -- |
| 01/19/2023 01/19/23 | For Rent | $800 | 0.0% | -- |
| 06/20/2022 06/20/22 | Off Market | $80,000 | -- | -- |
| 08/09/2019 08/09/19 | Sold | $80,000 | -5.9% | $25 / Sq Ft |
| 07/22/2019 07/22/19 | Pending | -- | -- | -- |
| 03/02/2019 03/02/19 | For Sale | $85,000 | -- | $27 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Similar Homes in the area
Source: Emerald Coast Association of REALTORS®
MLS Number: 965132
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