116 Springfield Avenue, Panama City, FL 32401

Local realty services provided by:ERA American Real Estate
116 Springfield Avenue,Panama City, FL 32401
$599,997
  • 6 Beds
  • 6 Baths
  • 2,907 sq. ft.
  • Single family
  • Active
Listed by: kaci a hawes, heather h neubauer
Office: era neubauer commercial
MLS#:965132
Source:FL_ECAR

Price summary

  • Price:$599,997
  • Price per sq. ft.:$206.4

About this home

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

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Home facts

  • Year built:1952
  • Listing ID #:965132
  • Added:309 day(s) ago
  • Updated:December 17, 2025 at 10:04 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:2,907 sq. ft.

Structure and exterior

  • Year built:1952
  • Building area:2,907 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:Rutherford
  • Middle school:Everitt
  • Elementary school:Cherry Street

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$599,997
  • Price per sq. ft.:$206.4
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. ERA American Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA American Real Estate, a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 Emerald Coast 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. Properties in listings may have been sold or may no longer be available. Copyright 2025 Emerald Coast Association Of REALTORS®. All rights reserved.

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