Ad #7849389
MLS #790574
Welcome to a turnkey income-producing investment opportunity
116 Springfield Ave, Panama City, Florida, 32401
$608,000
6Beds
6Baths
2,907Sqft
0.310Acres
About this property
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
Property Features
6 Beds
6 Baths
2,907 Sqft
Built in 1952
0.310 Acres
Siding: Block
Shingle Roof
$8,434 / yr property tax
Bay County
No med Subdivision Community
Additional Photos
Contact Information
Heather Fox
Beachy Beach Real Estate
850-541-5774
Location
Listing Agent: Heather Fox (License #: SL3392228) 850-541-5774
Broker: Beachy Beach Real Estate 850-527-5651 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Beachy Beach Real Estate 850-527-5651 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 21, 2026
Photo Gallery
$608,000
6
Beds
6
Baths
2,907
Sqft
116 Springfield Ave, Panama City, Florida, 32401
By contacting this agent you agree to these Terms and Conditions.
MLS# 790574
Welcome to a turnkey income-producing investment opportunity
$608,000
116 Springfield Ave, Panama City, Florida, 32401
6
Beds
6
Baths
2,907
Sqft
0.310
Acres
$608,000
116 Springfield Ave, Panama City, Florida, 32401
6 Beds
6 Baths
2,907 Sqft
0.310 Acres
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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Property Details
HOME DETAILS
6 Beds
6 Baths
2,907 Sqft
Built in 1952
0.310 Acres
EXTERIOR
Siding: Block
Shingle Roof
FINANCIAL & COMMUNITY
$8,434 / yr property tax
Bay County
No med Subdivision Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7849389
Viewed
31 times
Listing Status
Active
Added
Jun 11, 2026
Last Refresh
Jul 21, 2026 12:05:46 PM
Listing Information
Data Source
Central Panhandle Association of REALTORS
Source Property ID
790574
Listing Agent: Heather Fox (License #: SL3392228) 850-541-5774
Broker: Beachy Beach Real Estate 850-527-5651 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Beachy Beach Real Estate 850-527-5651 Listing Site
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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