520 Maine Ave Panama City, FL 32401

This multi-family property in Panama City features five units, offering potential for steady cash flow and long-term value. The property includes a single-family residence (SFR) with a total area of 2,129 square feet and a heated area of 1,251 square feet, constructed in 1946. This unit has aluminum siding, an engineered shingle roof, drywall interior walls, clay tile and carpet flooring, ducted air heating, central air conditioning, one bathroom, three bedrooms, and one story. Additionally, there is a two-story apartment building with a total area of 1,643 square feet and a heated area of 1,346 square feet, built in 1956. This building has minimum exterior walls, an engineered shingle roof, drywall interior walls, pine wood flooring, electric radiator heating, window air conditioning, two bathrooms, four bedrooms, and two stories. The property also includes a duplex with a total area of 2,315 square feet and a heated area of 2,171 square feet, constructed in 1952. The duplex features asbestos shingle exterior walls, an engineered shingle roof, drywall interior walls, asphalt tile flooring, ducted air heating, central air conditioning, two bathrooms, three bedrooms and one story. The property is zoned for residential income-producing use and is situated on a 0.32-acre lot. The total property size is 4,768 square feet. The units are partially rented and ready to lease. The property is located in proximity to beaches, schools, and major employers.