# 116 Springfield Avenue, Panama City, FL 32401

> **TL;DR:** 6bd/6ba residential multi family, $608,000 ($209/sqft), built 1952, 2,907 sqft.
> A/C. Est. $2,635/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $608,000 |
| Price/sqft | $209 |
| Bedrooms | 6 |
| Bathrooms | 6 full |
| Square Feet | 2,907 |
| Year Built | 1952 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,635 |
| **Total** | **$2,635** |

## Nearby Schools

- **Elementary:** Cherry Street
- **Middle:** Rutherford Middle
- **High:** Rutherford

## Key Amenities

- A/C

## Property Highlights

- Built in 1952
- 0.31 acre lot

## Description

### Agent Description
Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

## Location

- **Address:** 116 Springfield Avenue, Panama City, FL 32401
- **County:** Bay
- **Neighborhood:** No Named Subdivision
- **Coordinates:** 30.146848, -85.618848
- **Google Maps:** https://www.google.com/maps?q=30.146848,-85.618848

## Listing Agent

- **Name:** Heather Fox
- **Brokerage:** Beachy Beach Real Estate
- **Phone:** 8505415774
- **Email:** Heather@BeachyBeach.com

## Primary Photo

![116 Springfield Avenue - Primary Photo](http://lh.rdcpix.com/8990fb4f99eb9b684ef87a0cdf47ddc9l-f1916011001r.jpg)

*65 total photos available on [listing page](https://www.propertysimple.com/listing/116-springfield-avenue-panama-city-fl-32401-l790574)*

---

**MLS#:** 790574 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/116-springfield-avenue-panama-city-fl-32401-l790574)

---

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