119 College Avenue
Panama City, FL 32401
15
Bed
9
Bath
0.41Acre(Lot)
SELLER OFFERING $25,000 TOWARD BUYER CLOSING COSTS, PREPAIDS, OR RATE BUYDOWN! Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs u
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 15Bathroom Information
Total Baths: 9 Full Baths: 9Room Information
Rooms Total: 15Roofing Information
Shingle -
Interior Features
MainLevelPrimary, TubShowerRoof: ShingleAppliances: ElectricCooktop, ElectricOven, ElectricWaterHeater -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: CentralAir, MultiUnits
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Building Information
Year Built: 1936Building Area Total: 5222Construction Materials: VinylSidingPatio And Porch Features: Balcony, Deck, Covered, PorchPrivate Pool: No -
Exterior Features
Exterior Features: CoveredPatio
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Lot Information
Lot Dimensions: 179x120x179x120 Main Square Feet: 0.41 Lot Size Acres: 0.41 Lot Size Square Feet: 17,860 Lot Description: PavedProperty Information
Subdivision: [No Recorded Subdiv] Source Property Type: Residential MLS Area Minor: 0202 - Bay - Central SE Zoning Description: Resid Multi-Family Property SubType: Multi Family Property Age: 90
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Listing Price Information
Listing Price: $724000
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Tax Information
Parcel Number: 22946-000-000 Tax Year: 2025 Annual Tax: $5039 Tax Legal Desc: HOLMES ADD N 120' OF LOT 1 BLK 19 LESS 20' FOR RD ORB 4353 P 2306 (See Warranty Deed for full legal description)
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School Information
Elementary School: Cherry Street Junior High School: Jinks Senior High School: Bay -
Utility Information
ElectricityAvailable, SewerAvailable -
Location Information
Direction: From Bay Medical Center (Ascension Sacred Heart Bay), head south on North Bonita Ave for approx. .2 miles and turn left on Bus-US 98. In approx. 1 mile, take a right onto Sherman Ave. Proceed .2 miles and then take a left on E 3rd St. Proceed .2 miles and take a right onto College Ave. Buildings will be on the corner lot on the right.
How much is this property worth?
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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 | -- | -- | -- | |
| Bayou Avenue, Panama City, FL, 32401 | $19,999 | -- | -- | -- | |
| 150 Bayou Avenue, Panama City, FL, 32401 | $299,900 | 3 | 2 | -- | |
| 403 Transmitter Road, Panama City, FL, 32401 | $199,000 | 3 | 2 | -- | |
| 301 Detroit Avenue, Panama City, FL, 32401 | $262,500 | 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 | -- | |
| 726 Detroit Avenue, Panama City, FL, 32401 | $599,000 | 9 | 6 | -- |
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ByOwner last updated this listing 06/17/2026 @ 17:48
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