Central Bay Realty
(850) 257-5016centralbayrealestate@gmail.com
 

Panama City, FL 32401
$605,000
6 beds | 6.00 baths | #965132
For Sale

Description

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

  • Property Details
      • Interior:Renovated, Washer/Dryer Hookup
      • Bedrooms:6
      • Bathrooms:6.00
      • Lot features:Cleared, Corner, See Remarks
      • Exterior features:Porch, Renovated
      • Exterior materials:Brick, Roof Dimensional Shg, Trim Vinyl
      • Lot size:154x100x154x101
      • Property type:Purchase
      • Style:Traditional
      • Year built:1952
      • Energy:AC - Window/Wall, Heat - Wall/Window
      • Utility features:Electric, Public Sewer, Public Water
      • Appliances:Cooktop, Refrigerator, Stove/Oven Electric
      • Subdivision:NO RECORDED SUBDIVISION
      • Elementary School:Cherry Street
      • Middle School:Everitt
      • High School:Rutherford
      • MLS #:965132
      • Cost:605000
      • Property subtype:Detached Single Family
      • MLS #:965132
      • Property condition:Construction Complete

Location

Legal

Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


Last Updated: . Source: ECAR

Listing Courtesy
Listing Agent: Kaci A Hawes
Listing Office: ERA Neubauer Commercial

Central Bay Realty and Property ManagementReal Estate Group
$
years

Down Payment

$
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10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
$0.00

Selling & Buying

About

Contact

    Account

    • Roy F Furst

      Licensed Real Estate Broker

      Central Bay Realty

      Phone: (850) 257-5016

      Email: centralbayrealestate@gmail.com
      © 2025 Central Bay Realty & Property Management. All rights reserved.
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      Copyright© 2022 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information deemed reliable but not guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

      Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.