116 Springfield Avenue, Panama City, FL, 32401

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116 Springfield Avenue, Panama City, FL, 32401

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$608,000
New Listing

116 Springfield Avenue
Panama City, FL 32401

For Sale|Multi Family|Active
0
Beds
0
Total Baths
2,907
SqFt
$209
/SqFt
1952
Built
Subdivision:
No Named Subdivision
County:
Bay
Listing courtesy of Heather Fox of Beachy Beach Real Estate
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
116 Springfield Avenue116 Springfield Avenue116 Springfield Avenue116 Springfield Avenue
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Monthly Payment (Est.)

$2,774
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Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

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Listing Snapshot
Price 
$608,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,907 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.31 Acres
Year Built 
1952
MLS® Number 
790575
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
8 hours agoListing first seen on site
8 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.31
Additional Property Use 
Commercial
Foundation 
Slab
Property Sub Type 
Multi Family
SqFt Total 
2907
Zoning 
Resid Multi-Family
Interior Features
Furnished? 
None
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Exterior Features
Construction Details 
BlockVinyl Siding
Roof 
CompositionShingle
Community Features
MLS Area 
02 - Bay County - Central
Schools
School District
Unknown
Elementary School
Cherry Street
Middle School
Everitt
High School
Rutherford
Listing courtesy of Heather Fox of Beachy Beach Real Estate



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. 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. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-05-30 09:10 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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