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Wade M. Berlin

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819 Russ Lake Drive
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PRICED AT ONLY: $239,900

Address: 819 Russ Lake Drive, Panama City, FL 32404

Description

Investor & Builder Alert! Multi Use Duplex with Expansion Potential FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31 acre corner lot in a mixed use zone and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters perfect for long term tenants or short term rental flexibility.Renovations are underway and include:✔️ New windows, subfloor, PEX plumbing & electrical wiring✔️ New HVAC system & ductwork (upstairs)✔️ Recessed lighting throughout✔️ Tankless water heater✔️ New roof (2019), new siding, exterior stairs to upper unit✔️ RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!

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  • MLS#: 769484 ( Residential )
  • Street Address: 819 Russ Lake Drive
  • Viewed: 63
  • Price: $239,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1971
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 207

Description

Investor & Builder Alert! Multi Use Duplex with Expansion Potential FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31 acre corner lot in a mixed use zone and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters perfect for long term tenants or short term rental flexibility.Renovations are underway and include:✔️ New windows, subfloor, PEX plumbing & electrical wiring✔️ New HVAC system & ductwork (upstairs)✔️ Recessed lighting throughout✔️ Tankless water heater✔️ New roof (2019), new siding, exterior stairs to upper unit✔️ RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 2260.00
Property Information
  • Property Condition: UnderConstruction
School Information
  • High School: Rutherford
  • Middle School: Rutherford Middle
  • School Elementary: Parker
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central
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
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Furnished: Unfurnished
  • Legal Description: 1-4S-14W-106-118A3 BEG SW COR SEC N 2010' E 1290' S 519.59' FOR POB W 97.5' S 140' E 97.5' N 140' TO BEG ORB 4501 P 354
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Vacant
  • Parcel Number: 15033-000-000
  • Style: Duplex
  • The Range: 0.00
  • Views: 63
Nearby Subdivisions
[no Recorded Subdiv]   Aleczander Preserve   Avondale Estates   Barrett's Park   Baxter Subdivision   Bay County Estates Phase Ii   Bay County Estates Unit 1   Bay Front Unit 2   Bay Front Unit 6   Bayou Estates   Bayou Oaks Estates   Baywinds   Bridge Harbor   Brighton Oaks   Brittany Woods Park   Britton Woods   Brook Forest U-1   Bylsma Manor Estates   C A Taylor's 2nd Addition Cala   Ca Taylors 2nd Add   Callaway   Callaway Bayou Est   Callaway Bayou Estates Unit 2   Callaway Corners   Callaway Forest   Callaway Forest U-2   Callaway Pines Estates   Callaway Point   Callaway Shores U-1   Callaway Shores U-3   Cedar Branch   Cedar Park Ph I   Cedar Park Ph Ii   Cherokee Heights   Cherokee Heights Phase Ii   Cherokee Heights Phase Iii   Cherry Hill Unit 1   Cherry Hill Unit 2   College Station Phase 1   College Station Phase 2   College Station Phase 3   Colonial Est.   Colonial Estates   Deer Point Lake   Deerpoint Estates   Deerwood   Donalson Point   East Bay Park   East Bay Park 2nd Add   East Bay Plantation   East Bay Point   East Bay Preserve   East Callaway Estates   East Callaway Heights   Eastgate Sub Ph I   Eastgate Sub Ph Ii   Forest Shores   Forest Walk   Fox Lake Sub Phase 1   Game Farm   Garden Cove   Gilbert-pkr Add-pt Don   Grimes Callaway Bayou Est U-2   Grimes Callaway Bayou Est U-5   Grimes Callaway Bayou Est U-6   Hickory Manor   Hickory Park   Highpoint   Highway 22 West Estates   Hiland Hills   Horne Memory Plat   Imperial Oaks   Ivy Road Estates   Jones Meadow   Kendrick Manor   Laird Bayou   Laird Point   Laird Point Ph I   Lakeshore Landing   Lakeview Heights   Lakewood   Lakewood Manor U-3   Lannie Rowe Lake Estates U-1   Lannie Rowe Lake Estates U-7   Lannie Rowe Lake Estates U-8   Lannie Rowe Lake Estates U-9   Lannie Rowe Lake Ests   Liberty   Lillian Carlisle Plat   Long Point 1st   Maegan's Ridge   Magnolia Hills   Magnolia Hills Phase Ii   Manors Of Magnolia Hills   Mariners Cove   Mars Hill   Martin Bayou Estates   Mill Point   Morningside   No Named Subdivision   Northwood Estate Unrecorded   Not On List   Oakshore Villas Twnhs   Olde Towne Village   Park Place Phase 1   Parkbrook   Parker Pines   Parker Plat   Pelican Point   Pine Wood Grove   Pinewood Dev. Phase 2   Pinewood Grove Unit 2   Pinnacle Pines Estate   Pitts 1st Addto Parker   Plantation Heights   Plantation Point   Rachels Landing   Register, E.b. 1st   Registers 1st Add   Riverside Phase Iii   Rolling Hills   Rolling Hills Unit #2   Sandy Creek & Country Club Pha   Sandy Creek Air Park Ph Ii   Sandy Creek Ranch And Country    Sandy Creek Ranch Ph 2   Sentinel Point   Shadow Bay Unit 1   Shadow Bay Unit 5   Shadow Bay Unt 3 & 4   Singleton Estates   Southwood   Spikes Addto Highpoint 2   Springfield Farms   St And Bay Dev Co   St Andrews Bay Dev Co   St. Andrews Bay Dev. Co.   Stephens Estates   Sunbay Townhouses   Sunrise At East Bay   Sweetwater Village N Ph 2   Sweetwater Village N Ph 3   Sweetwater Village Ph 4   Sweetwater Village S Ph I   Thousand Oaks   Timberwood   Titus Park   Towne & Country Lake Estates   Tyndall Station   Village Of Mill Bayou/shorelin   W H Parker   Wh Parker   Willow Bend   Woodmere   Xanadu  

Contact Info

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Wade M. Berlin

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