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520 Maine Ave

Panama City FL 32401

4768 sq. ft.
13939.2 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value. partially rented / ready to lease (customize based on status) Low maintenance units - easy management Strong rental demand in the area Proximity to beaches, schools, and major employers Zoned for residential income-producing property Building 1 Type SFR AVERG Total Area 2,129 Heated Area 1,251 Exterior Walls AL SIDING Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover CLAY TILE; CARPET Heat AIR DUCTED Air Conditioning CENTRAL Bathrooms 1 Bedrooms 3 Stories 1 Actual Year Built 1946 Building 2 Type DUPLEX Total Area 1,643 Heated Area 1,346 Exterior Walls MINIMUM Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover PINE WOOD Heat RAD ELEC Air Conditioning WINDOW Bathrooms 2 Bedrooms 4 Stories 2 Actual Year Built 1956 Building 3 Type DUPLEX Total Area 2,315 Heated Area 2,171 Exterior Walls ASB SHNGLE Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover ASPH TILE Heat AIR DUCTED Air Conditioning CENTRAL Bathrooms 2 Bedrooms 3 Stories 1 Actual Year Built 1952

Features

4768 sq. ft. floor area
13939.2 sq. ft. lot size
Multi-Family

Property history for 520 Maine Ave

2018
Sold
$165,000
19 Apr 2018 by Gary Witham, of Hope Realty Of Bay County Llc
2017
Rented
Undisclosed
30 Jun 2017 by Hope Realty Of Bay County Llc
2016
Rented
Undisclosed
01 Mar 2016 by Hope Realty Of Bay County Llc

Happy sellers in Panama City

88%
88% of sellers in Panama City reported that their sale price either exceeded or met their price expectations.

Panama City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Panama City over the last 12 months.

Local market activity for multi families in Panama City

In the last 12 months, 4 multi families similar to 520 Maine Ave, have been sold.

This represents a 33% decrease in multi families sales when compared to the previous 12 months.

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