116 Springfield Avenue, Panama City, FL 32401

Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
116 Springfield Avenue,Panama City, FL 32401
$599,997
  • 6 Beds
  • 6 Baths
  • 2,907 sq. ft.
  • Single family
  • Active
Listed by: kaci a hawes, heather h neubauer
Office: era neubauer commercial
MLS#:965132
Source:FL_ECAR

Price summary

  • Price:$599,997
  • Price per sq. ft.:$206.4

About this home

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 investment 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

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Home facts

  • Year built:1952
  • Listing ID #:965132
  • Added:276 day(s) ago
  • Updated:November 15, 2025 at 05:21 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:2,907 sq. ft.

Structure and exterior

  • Year built:1952
  • Building area:2,907 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:Rutherford
  • Middle school:Everitt
  • Elementary school:Cherry Street

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$599,997
  • Price per sq. ft.:$206.4
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