520 Maine Ave Panama City, FL 32401

This five-unit multifamily property in Panama City is zoned for residential income-producing property. It presents an opportunity for portfolio expansion or entry into property management. The property consists of multiple buildings. Building 1, constructed in 1946, is a single-family residence with a total area of 2,129 square feet and a heated area of 1,251 square feet. It features aluminum siding, an ENG SHINGL roof, drywall interior walls, clay tile and carpet flooring, central air conditioning, and ducted air heating. It includes 3 bedrooms and 1 bathroom across 1 story. Building 2, built in 1956, is a two-story apartment building with a total area of 1,643 square feet and a heated area of 1,346 square feet. It has minimum exterior walls, an ENG SHINGL roof, drywall interior walls, and pine wood flooring. It is equipped with window air conditioning and RAD ELEC heating, with 4 bedrooms and 2 bathrooms. Building 3, constructed in 1952, is a duplex with a total area of 2,315 square feet and a heated area of 2,171 square feet. It features ASB SHNGLE exterior walls, an ENG SHINGL roof, drywall interior walls, and ASPH TILE flooring. It includes central air conditioning and ducted air heating, with 3 bedrooms and 2 bathrooms across 1 story. The property is located in an area with strong rental demand, close to beaches, schools, and major employers.