Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1925
Sq.Footage
N/A
Investor Special - Rare Multi-Dwelling Opportunity in Prime Panama City Location! Priced to sell and packed with potential, this unique property features three separate dwellings on approximately .30 acres, offering endless possibilities for savvy investors or multi-generational living. With a combined 8 bedrooms and 4 total bathrooms, this is a rare chance to create strong rental income or a private family compound where everyone enjoys their own space. 2 of the dwellings are currently rented but DO need work to make optimal. Second home on left of pics is incomplete, making a blank slate for your desired renovation. Located just one block from MLK Jr. Blvd, a major thoroughfare, and a block from a brand-new park, the property also sits minutes from Ascension Bay Hospital, one of the area's most renowned medical facilitiesāmaking it highly desirable for tenants. A perfect location for traveling nurses, anesthesiologists and other medical professionals to rest between shifts at the hospitals! Centrally located to shopping, dining, and everyday conveniences, and just 15 minutes from Panama City Beach, this location checks every box. While the homes do need work, they offer an excellent opportunity for renovation, conversion, or a full flip with significant upside. Whether you're looking to maximize cash flow, redevelop, or customize to your vision, this property delivers flexibility and long-term value. Highlights: 3 dwellings on approx. .30 acres 8 bedrooms / 4 bathrooms total Ideal for rental income, flipping, or family compound Near Ascension Bay Hospital One block from new park & MLK Jr. Blvd Central Panama City location 15 minutes to Panama City Beach Opportunities like this don't come around oftenābring your vision and unlock the potential of this income-producing property!
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s)
-
Heating YN
YES
-
Heating
Other, Radiant Floor, See Remarks
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Patio and Porch Features
Covered, Porch
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.28
-
Property Type
Residential
-
Architectural Style
Cabin
Price
-
Sales Price
$175,000
-
Tax Amount
3627.0
-
Zoning
Resid Single Family
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Cedar Grove
-
Middle School
Mowat
-
High School
Bay
Property Features
-
Sewer
Public Sewer
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Location
County
Bay
Elementary School
Cedar Grove
Middle School
Mowat
High School
Bay
Listing Courtesy of Kim R Johnson , Think Real Estate
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REALTORĀ®
Celeste Rustin
Call Celeste today to schedule a private showing.
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