1347 Mercedes Avenue #A-B
Panama City, FL 32401
2
Bed
2
Bath
INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX! Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance. Convenient Panama City Location Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance. PROPERTY FEATURES • Brand-new construction • Two separate 1-bedroom / 1-bath units • Estimated rent of approximately $1,300 per month per unit • Approximately $2,600/month in combined projected rental income • Durable Hardie® siding • Quartz countertops •
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 2Roofing Information
Metal -
Interior Features
TubShower, WalkInClosetsRoof: MetalAppliances: ElectricRange, ElectricWaterHeaterWindow Features: DoublePaneWindows -
Heating & Cooling
Has Heating: Yes Heating: Ductless Has Cooling: Yes Cooling: CeilingFans, Ductless
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Building Information
Year Built: 2026Building Area Total: 796Construction Materials: HardiplankTypePrivate Pool: No
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Lot Information
Lot Dimensions: 107 x 50Property Information
Subdivision: [No Recorded Subdiv] Source Property Type: Residential MLS Area Minor: 0202 - Bay - Central SE Zoning Description: Resid Multi-Family Property SubType: Duplex Property Age: 0
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Listing Price Information
Listing Price: $240000
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Tax Information
Parcel Number: 16809-005-000 Tax Year: 2025 Annual Tax: $128.41 Tax Legal Desc: 4 4S 14W SE1/4 OF NW1/4 OF NE1/4 LOT 13 LESS W 196.73+/-' N/K/A
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School Information
Elementary School: Cedar Grove Junior High School: Mowat Senior High School: Bay -
Utility Information
ElectricityAvailable -
Location Information
Direction: From the PC mall. South on 77(MLK). Second light is 15th St (98). Turn left. 2nd street on the right is Mercedes Ave. Property is at the corner of Mercedes and 14th St.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 754 Sherman Avenue #A B, Panama City, FL, 32401 | $379,000 | 6 | 4 | -- | |
| 1209/1211 E 10th Street, Panama City, FL, 32401 | $170,000 | 4 | 2 | -- | |
| 1103 E 11th Street #A B, Panama City, FL, 32401 | $150,000 | 2 | 2 | -- | |
| 803 E 10th Court #A B, Panama City, FL, 32401 | $179,900 | 2 | 2 | -- |
Similar Multifamily To 1347 Mercedes Avenue #A-B
Nearby For Sale
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ByOwner last updated this listing 08/27/2026 @ 08:14
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