About 116 Springfield Avenue
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 anyinvestment 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!
Features of 116 Springfield Avenue
| MLS® # | 965132 |
|---|---|
| Price | $599,997 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 2,907 |
| Acres | 0.31 |
| Year Built | 1952 |
| Type | Residential |
| Sub-Type | Detached Single Family |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 116 Springfield Avenue |
|---|---|
| Area | Bay County |
| Subdivision | NO RECORDED SUBDIVISION |
| City | Panama City |
| County | Bay |
| State | FL |
| Zip Code | 32401 |
Amenities
| Utilities | Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Renovated, Washer/Dryer Hookup |
|---|---|
| Appliances | Cooktop, Refrigerator, Stove/Oven Electric |
| Heating | Heat - Wall/Window |
| Cooling | AC - Window/Wall |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Brick, Roof Dimensional Shg, Trim Vinyl |
|---|---|
| Exterior Features | Porch, Renovated |
| Lot Description | Cleared, Corner, See Remarks |
| Roof | Roof Dimensional Shg |
School Information
| Elementary | Cherry Street |
|---|---|
| Middle | Everitt |
| High | Rutherford |
Additional Information
| Days on Website | 295 |
|---|---|
| Zoning | Resid Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |