Traditional

116 Springfield Avenue

Panama City , FL 32401

MLS#: 965132

$599,997

Status: Active
Listing number: 965132
Listing provided by: ERA Neubauer Commercial
Listing agent phone: None
Last update: N/A
On site: 7 months ago
Browse Properties
NO RECORDED SUBDIVISION - Residential

Property

Beds

6

Full Baths

6

1/2 Baths

None

Year Built

1952

Sq.Footage

2,907

Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    6

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

Exterior

  • Garage

    No

  • Patio and Porch Features

    Porch

  • Pool

    No

Area & Lot

  • Lot Features

    Cleared, Corner Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Traditional

Price

  • Sales Price

    $599,997

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    2, 907

  • Price/SqFt

    $206

HOA

  • Association

    No

School District

  • Elementary School

    Cherry Street

  • Middle School

    Everitt

  • High School

    Rutherford

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Bay

Elementary School

Cherry Street

Middle School

Everitt

High School

Rutherford

Listing Courtesy of Kaci A Hawes , ERA Neubauer Commercial

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent RealHub365

Broker Associate

RealHub365

Call Real today to schedule a private showing.

(800) 883-5676

test@explux.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!

116 Springfield Avenue

Message successfully sent.

What would you like to know?

Related Properties

Only Home in College Station with a Pool and Screened Enclosure - Corner Lot Privacy & Ultimate Outdoor Living!Welcome to College Station, where luxury and comfort come together in one of Bay County's most sought-after neighborhoods. This stunning all-brick Princeton floor plan sits on a premium corner lot, offering maximum privacy with no neighbors on one side and green space behind.Step inside this beautifully designed, open-concept home, thoughtfully upgraded with high-end features throughout, including:Custom solid wood cabinetryQuartz countertops in kitchen and bathsButler's pantry with extra cabinetryLuxury vinyl plank flooringPool heater and chiller to enjoy your pool all year roundUpgraded light fixtures, doors, trim, and insulationLow-E windows for energy efficiency Standalone soaking tubs in the bathrooms PebbleTec garage flooring for durability and style Front and Back Irrigation system (keep or leave?) Outdoor living is truly unmatched here. The home features a covered, heated/chilled inground pool with a full screened enclosure, surrounded by lush landscaping and manicured Zoysia grassyour own private tropical retreat, perfect for relaxing or entertaining year-round. College Station also offers underground utilities and well-lit streets, enhancing both beauty and safety in this charming community. Don't miss your chance to own the only home currently listed with this level of outdoor living and privacyschedule your showing today!
#981962

Panama City

3826 Heartwood Street

3 Beds

2 Baths

2,000 Sq.Ft.

$515,000

MLS#: 981962

Welcome to 427 Bunkers Cove Road, a standout coastal property located in the highly desirable Cove neighborhood of Panama City, Florida. Just off St. Andrews Bay and around the corner from The St. Andrews Bay Yacht Club, this location is ideal for boaters and anyone craving life near the water -- with downtown Panama City just minutes away.This well-designed home offers 3,576 square feet, 4 bedrooms, and 3 full baths, finished with clean, timeless materials like hardwood flooring and stainless steel appliances. The layout is both functional and inviting, featuring a sunroom drenched in natural light, a chef's kitchen, and open living areas built for real life and entertaining.Upstairs, tucked off the fourth bedroom, you'll find a hidden bonus/game room -- a versatile space with a great view over the pool and backyard. Outside, you've got your own private retreat with a pool, spa jacuzzi, and space to unwind or entertain. There's also room for your boat, RV, or camper with convenient alley access, plus a large detached shop for storage, gear, or creative use. Add in a whole-home water filtration system and a golf cart-friendly community, and this home checks all the boxes for coastal living. 427 Bunkers Cove Road is that rare mix of space, style, and location. Reach out today to schedule your private showing.
#981468

Panama City

427 Bunkers Cove Road

4 Beds

2 Baths

3,576 Sq.Ft.

$685,000

MLS#: 981468

Don't miss the opportunity to tour this stunning 4-bedroom, 3-bath home, perfectly situated on a large corner lot in a quiet cul-de-sac -- and best of all, no HOA! This beautifully maintained home features an open floor plan with rich hardwood and tile flooring, elegant crown molding, and tray ceilings that add a custom, high-end touch throughout. The recently painted interior offers a fresh, clean feel, making it truly move-in ready. You'll love the upgraded kitchen, complete with Cambria countertops, ample cabinet space, and a spacious walk-in pantry. The primary suite includes a luxurious bathroom with a relaxing tub and a large walk-in closet. Step into the enclosed sunroom  now included in the heated and cooled square footage  equipped with a mini split HVAC system for year-round comfort. It's the perfect space to unwind, entertain, or take in the peaceful views of nature. Enjoy added privacy with a fully fenced backyard that offers plenty of room for a future pool, plus the convenience of underground utilities. Additional features include a built-in speaker system and security system.
#980133

Panama City

2015 Tupelo Court

4 Beds

3 Baths

3,238 Sq.Ft.

$565,000

MLS#: 980133

PRICED BELOW APPRAISED VALUE Welcome to your own slice of paradise on Cook's Bayou. A rare opportunity to own a beautifully updated 3-bedroom, 2-bathroom brick home with gulf access, nestled on 5 serene acres adorned with moss draped oaks, lush herb gardens, and a private pond. Originally built in 1976 and thoughtfully renovated over the years, this 1,855 sq ft home offers a perfect blend of vintage character and modern amenities. Step inside to a light and airy interior featuring fresh paint, quartz countertops, new ceiling fans, and closet organizers throughout. The entire master bath has been fully remodeled, and the kitchen is a chef's dream with induction cooktop, double ovens with convection and air fryer modes, and like-new stainless appliances (all less than 3 years old). Rest easy knowing key upgrades have already been completed, including asbestos abatement, popcorn ceiling removal, a 2024 HVAC system, Honeywell programmable thermostat, Pristine Air UV filter, water softener system, and generator outlet for peace of mind. The home also features a 2017 metal roof, hurricane ties for wind mitigation, and a whitewashed brick exterior that adds timeless curb appeal. Outside, the upgrades continue with a solar-powered entrance gate, 12'x32' shed, motorized porch screen to fully enclose the back porch, raised metal garden beds, citrus trees, and room to expand or just enjoy the quiet of your surroundings. Boaters will love the nearly $30,000 in upgrades to the expanded dock, including a 7,000 lb. boat lift, offering seamless access to the Gulf from your backyard. And for those who like to work the land, a John Deere tractor and attachments are included with the purchase. Whether you're looking for a private waterfront homestead, a peaceful retreat, or a place to build your future, this one-of-a-kind property on Cook's Bayou has it all.
#980995

Panama City

403 Highway 2297

3 Beds

2 Baths

1,701 Sq.Ft.

$699,000

MLS#: 980995

Step inside this coastal gem--no HOA, no fees, and short-term rentals are allowed! Just a short stroll from direct bay access, this charming 4-bedroom, 3-bath home blends modern upgrades with timeless coastal character. From the stucco exterior to the bright and airy interior, every detail has been thoughtfully curated for style, comfort, and function. The home is truly move-in ready, featuring double-pane windows, updated systems, and flowing layout. The gourmet kitchen impresses with stainless steel appliances, quartz countertops, a decorative backsplash, and upscale lighting that elevates every meal. All three bathrooms have been tastefully renovated, and the spacious family room offers custom built-ins, a cozy fireplace, and a planked ceiling--perfect for relaxing or entertaining.
#980240

Panama City

2501 High Avenue

4 Beds

3 Baths

1,685 Sq.Ft.

$585,000

MLS#: 980240

This stunning single-level home was built in 2022 offering a rare find - a newer construction home in the coveted Cove neighborhood of Panama City, Florida. This home embodies classic, coastal design and offers an exceptional lifestyle just two blocks from the Bay. Enjoy leisurely walks by the water and breathtaking sunsets every day in the Cove, a golf cart-friendly community with NO HOA where neighbors gather and community thrives!This impeccably maintained home spans 1,948 square feet and features a timeless design with 4 bedrooms, 2 baths and a 2-car garage. The property sits on a .25-acre homesite, complete with a privacy-fenced backyard and alley access with a gate. This home has plenty of room for a POOL so you can create your dream backyard oasis to enjoy year round! With no HOA restrictions, it is ideal for boat and trailer owners! The lush landscaping enhances the curb appeal of this remarkable residence clad in Hardie board and stone. You'll love that the major systems of the home are 2022 to ensure lower interest rates and peace of mind with little to no maintenance. Step inside to discover a true foyer area as you walk into an open concept layout flooded with natural light. The home offers 10' ceilings in the great room with an 11' tray ceiling in the living area. The remainder of the house has high 9' ceilings throughout giving it an incredible open feel. With French doors leading to the patio, you'll love the indoor outdoor experience this home provides. A covered porch overlooks the backyard, ideal for grilling, watching the kids play, and hosting family gatherings. The home has incredible upgrades, including custom built-ins in the living area, Visual Comfort designer lighting, custom window coverings throughout and Quartz countertops. The oversized kitchen island offers seating for five, making it a perfect gathering spot. With stainless appliances and a full size pantry, this kitchen is great for entertaining. The dining room is bright with natural light and overlooks the backyard. The split floor plan ensures privacy, with a large primary suite featuring a 10' tray ceiling, dual bath vanities, a soaking tub, tiled shower with glass enclosure, separate water closet and a large walk-in closet designed for two. Two guest bedrooms are located on the right side of the house, with a guest bath accessible via the hallway. The fourth bedroom, situated just off the living area, offers versatile use as a bedroom, home office or playroom, with ample storage provided by two closets. Experience the perfect blend of coastal charm and modern convenience of a newer home in the Cove that was built in 2022. Every detail has been thoughtfully considered to create a welcoming and comfortable feel with this exceptional home in a highly desirable neighborhood! With hundred year oak tree-lined streets, new sidewalks throughout and charming community parks and playgrounds, there's a reason people love to call the Cove home. The Cove is conveniently located adjacent to Downtown Panama City where you'll enjoy restaurants, shopping, weekend farmers markets, community festivals and more! This booming area is fast-growing and the proximity to the Cove is remarkable for that fun lifestyle that is desired by so many.
#978681

Panama City

330 S Palo Alto Avenue

4 Beds

2 Baths

1,948 Sq.Ft.

$515,000

MLS#: 978681

WATERFRONT! COVE! Bayou front Living in the Historic Cove - 1206 Tyndall Drive Welcome to 1206 Tyndall Drive, a truly special property located in one of Panama City's most treasured neighborhoods, The Cove. This spacious 4-bedroom, 2.5-bath home offers over 2,200 square feet of comfortable, functional living space set on deep water frontage on Watson Bayou. Inside, you'll find an open and inviting layout featuring a formal dining room, an open-concept kitchen and family room, and a wood-burning fireplace for cozy evenings. Downstairs, the walk-out basement provides the perfect home office, homeschool, or flex space with tons of extra storage. Step outside to your private backyard retreat with a covered patio, privacy fencing, and mature landscaping. You'll also find a detached workshop/she-shed and a second outbuilding for storage or hobbies. A whole-house generator ensures comfort and security no matter the season. But it's the lifestyle that truly sets this home apart. From your private waterfront access, hop in your boat and head to Shell Island for a day in paradise or enjoy waterfront dining in St. Andrews just minutes away. Plus, you're just blocks from the best of Downtown Panama City  boutique shops, cozy coffee spots, fresh seafood markets, restaurants, a sporting goods store, and scenic Beach Drive sunsets. The area is golf cart-friendly, with new sidewalks and roads enhancing walkability and charm. There's something special about The Cove and none more special than 1206 Tyndall Drive. Waterfront, flexible space, unbeatable location, and a price that's nearly unheard of for this lifestyle. Come visit today!
#979046

Panama City

1206 Tyndall Drive

4 Beds

2 Baths

2,231 Sq.Ft.

$540,000

MLS#: 979046

Price Improvement !One year HOA fees PAID with acceptable offer. Luxurious Townhome with Private In-Law Suite in Gated Waterhaven CommunityExperience the perfect blend of elegance, modern comfort, and versatile living in this beautifully updated three-story townhome, located in the prestigious, gated Waterhaven community. Boasting over $50,000 in recent improvements, this 4-bedroom, 4.5-bath residence offers over-the-top functionality with a separate carriage house in-law suite ideal for guests, multigenerational living.Step inside to discover luxury vinyl plank flooring, fresh designer paint, upgraded lighting, new blinds, and stylish fans throughout. The gourmet kitchen is a chef's dream, featuring a large island, freshly painted cabinetry, and high-end appliances including a Viking range, Subzero refrigerator, new Bosch dishwasher, microwave, ice-maker, and beverage fridge at the wet bar. Elegant French doors open from the dining room to a private courtyard, perfect for relaxing or entertaining under the stars. Attention to detail is found throughout the home, from intricate wood trim and crown molding to tray ceilings and curated wallpaper accents. Above the two-car garage, the fully equipped carriage house offers a private retreat with its own kitchen, full bath, and sitting area providing exceptional flexibility for extended family, guests, or a home office. Waterhaven residents enjoy resort-style amenities, including a bay front pool, expansive private pier, community clubhouse with theater, kitchen, fitness center, outdoor grilling station, and a grand meeting room for events.
#977144

Panama City

4134 Cobalt Circle RO14

4 Beds

5 Baths

2,860 Sq.Ft.

$539,999

MLS#: 977144

Don't miss this stunning, newly built 2,482 SQFT Captiva floor plan in the highly desirable community of SweetBay! This thoughtfully upgraded home boasts the charming Boat Builder elevation and offers 4 spacious bedrooms, 2.5 bathrooms, a dedicated office, and a detached 2-car garage. Step through the impressive glass front door and enjoy peaceful views of the nearby community pond. Inside, you'll find a bright and open main living area, now featuring brand-new luxury vinyl plank flooring throughout the entire bottom floor--a stylish and durable upgrade that perfectly complements the modern layout. The downstairs includes a private office, convenient half bath, and laundry room. The heart of the home is the gourmet kitchen, which showcases a large quartz island.
#976759

Panama City

3204 Airport Road

4 Beds

2 Baths

2,482 Sq.Ft.

$540,000

MLS#: 976759

Stunning 4-bedroom, 3-bathroom pool home located on a quiet cul-de-sac at 4011 Mary Louise Drive. This beautifully updated, move-in-ready home offers the perfect blend of comfort, privacy, and convenience. Inside, you'll find a spacious family room with a gas fireplace and a modern kitchen featuring updated cabinets, a stylish tile backsplash, stainless steel appliances, and a built-in wine fridge. Enjoy meals in the formal dining room or the cozy breakfast nook.The backyard is a private retreat with a sparkling inground pool, paver deck, and full privacy fencing. Additional features include an attached 2-car garage, plus a detached garage and workshop with lean-to--ideal for storage, hobbies, or additional vehicles. A double gate provides easy access for a truck, trailer, or boat. The home also offers approximately 340 square feet of climate-controlled attic storage not included in the heated and cooled square footage, along with 120 square feet of covered porch space perfect for relaxing mornings or evenings. Located just minutes from Lynn Haven, grocery stores, schools, and Panama City Beach, this home truly checks all the boxes. Schedule your showing today.
#975662

Panama City

4011 Mary Louise Drive

4 Beds

3 Baths

2,534 Sq.Ft.

$525,000

MLS#: 975662

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here