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116 Springfield Avenue
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PRICED AT ONLY: $599,997

Address: 116 Springfield Avenue, Panama City, FL 32401

Description

Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave (2021) 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. This property is an excellent addition to any investment portfolio.

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More Like This
  • MLS#: 766434 ( CommercialSale )
  • Street Address: 116 Springfield Avenue
  • Viewed: 24
  • Price: $599,997
  • Price sqft: $206
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 2907
  • Days On Market: 265

Description

Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave (2021) 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. This property is an excellent addition to any investment portfolio.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Roof: Shingle
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: WindowUnits
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: N MOORETOWN (1.15) LOTS 1, 2 BLK 9 ORB 4686 P 914
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 24226-000-000
  • The Range: 0.00
  • Views: 24
Nearby Subdivisions
[no Recorded Subdiv]   Caroline Add Unit 2   Davis Plat   Glenwood Addition   Keiths 1st Add   Lakeside Plat   No Named Subdivision   Pine-lea 3rd Add   Segler   Skyland   St Andrews Harbour   Sudduths 1st Add   Ware Estate  
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