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Wade M. Berlin

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Tropic Shores Realty
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331 Maine Avenue
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PRICED AT ONLY: $237,100

Address: 331 Maine Avenue, Panama City, FL 32401

Description

Hot opportunity for income and a big tax break, all in one! Or enjoy the furnishings, appliances, decor, and accessories as an owner occupant. Everything conveys! This property, once a 4 br 2 ba, has been converted to a 2 unit rental property, perfect for short or mid term rental income or a single family main house/mother in law suite arrangement. This property has been rented only on furnished finder and by word of mouth. Income for 2025 was $28,710! Want to restore the 4/2 as one unit? No problem! Just uncover the blocked off door between units, and you're there. Why this property is awesome: multiple possibilities for living/renting especially as workforce housing for travel nurses, contractors, and others 2 br, 1 ba in front, 1 br, 1 ba in back proven income of up to $1,700 for front unit, $1,600/mo for back unit wow! Full kitchen in front, efficient kitchenette in back sold fully furnished! Driveway parking for 4; boat parking is easy! Huge backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool! Close to ascension sacred heart (bay medical), downtown pc, eastern shipbuilding, two marinas, tyndall afb, and gene's oyster bar come see this today! Open for showings any time!
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  •   Principal & Interest -
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  •   Home Insurance $
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  • MLS#: 784733 ( Residential )
  • Street Address: 331 Maine Avenue
  • Viewed: 4
  • Price: $237,100
  • Price sqft: $206
  • Waterfront: No
  • Year Built: 1945
  • Bldg sqft: 1152
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 53
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Features
Building and Construction
  • Covered Spaces: 1.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless, WallUnits
  • Heating: Ductless, Electric
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable
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: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: ElectricRange, ElectricWaterHeater
  • Legal Description: WELCH ADD LOT 2 & N 20.5' OF LOT 3 BLK 5 ORB 4342 P 1957
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Tenant
  • Parcel Number: 22512-000-000
  • Style: Bungalow
  • The Range: 0.00

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin