116 Springfield Avenue
Panama City, FL 32401
6
Bed
6
Bath
0.31Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Rooms Total: 6Roofing Information
Shingle -
Interior Features
Roof: ShingleAppliances: ElectricCooktop, ElectricOven -
Heating & Cooling
Has Cooling: Yes Cooling: WindowUnits
-
Building Information
Year Built: 1952Building Area Total: 2907Construction Materials: BlockPatio And Porch Features: Covered, PorchPool Features: Other, SeeRemarksPrivate Pool: No
-
Lot Information
Lot Dimensions: 154 X100X154X101 Main Square Feet: 0.31 Lot Size Acres: 0.31 Lot Size Square Feet: 13,504Property Information
Subdivision: No Named Subdivision Source Property Type: Residential MLS Area Minor: 0202 - Bay - Central SE Zoning Description: Resid Multi-Family Property SubType: Multi Family Property Age: 74
-
Listing Price Information
Listing Price: $608000
-
Tax Information
Parcel Number: 24226-000-000 Tax Year: 2025 Annual Tax: $8434 Tax Legal Desc: N MOORETOWN (1.15) LOTS 1,2 BLK 9 ORB 4686 P 914
-
School Information
Elementary School: Cherry Street Junior High School: Rutherford Middle Senior High School: Rutherford -
Location Information
Direction: From Bay Medical Center, head south on North Bonita Ave. Turn left on Bus-US 98. Take a right onto Everitt Ave., left on E First Court. Proceed to Second Street and take a left onto Springfield Ave. The property will be on the corner lot on the right.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6701 Yacht Club Drive, Panama City, FL, 32401 | $1,995,000 | 4 | 5 | -- | |
| 112 Bayou Avenue, Panama City, FL, 32401 | $35,000 | -- | -- | -- | |
| 148 Bayou Avenue, Panama City, FL, 32401 | $306,997 | 3 | 3 | -- | |
| Bayou Avenue, Panama City, FL, 32401 | $19,999 | -- | -- | -- | |
| 150 Bayou Avenue, Panama City, FL, 32401 | $304,900 | 3 | 2 | -- | |
| 403 Transmitter Road, Panama City, FL, 32401 | $199,900 | 3 | 2 | -- | |
| 301 Detroit Avenue, Panama City, FL, 32401 | $267,500 | 3 | 2 | -- | |
| 305 Detroit Avenue, Panama City, FL, 32401 | $299,900 | 3 | 2 | -- | |
| 3808 E 9th Street, Panama City, FL, 32401 | $189,900 | 3 | 2 | -- | |
| 136 Harlem Avenue, Panama City, FL, 32401 | $225,000 | 3 | 2 | -- |
Similar Homes To 116 Springfield Avenue
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 06/07/2026 @ 15:35
More Cities with for Sale by Owner Homes
- Panama City Homes For Sale By Owner
- Lynn Haven Homes For Sale By Owner
- PANAMA CITY BEACH Homes For Sale By Owner
- Southport Homes For Sale By Owner
- Youngstown Homes For Sale By Owner
- Mexico Beach Homes For Sale By Owner
- Inlet Beach Homes For Sale By Owner
- Kinard Homes For Sale By Owner
- Fountain Homes For Sale By Owner
- Vernon Homes For Sale By Owner
- Wewahitchka Homes For Sale By Owner
- Clarksville Homes For Sale By Owner
- Port St Joe Homes For Sale By Owner
- Chipley Homes For Sale By Owner
- Altha Homes For Sale By Owner
- Alford Homes For Sale By Owner
- Santa Rosa Beach Homes For Sale By Owner
- Freeport Homes For Sale By Owner
- Blountstown Homes For Sale By Owner
- BONIFAY Homes For Sale By Owner
Homes around $608,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.