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
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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1952
  • Listing ID #:965132
  • Added:225 day(s) ago
  • Updated:July 01, 2025 at 07:35 AM

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
The information being provided by Emerald Coast AOR/Data Services of the Gulf Coast is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast AOR/Data Services of the Gulf Coast. Better Homes and Gardens Real Estate Emerald Coast is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Emerald Coast, a broker participant of Emerald Coast AOR/Data Services of the Gulf Coast. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast AOR/Data Services of the Gulf Coast and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Emerald Coast AOR/Data Services of the Gulf Coast. All rights reserved.

New listings near 116 Springfield Avenue