215 Maine Avenue, Panama City, FL 32401

$625,000

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Sold Price
$625,000
List Price
$665,000
Closing Date
Feb 13, 2025
MLS#
766432
Acres
0.39
Lot Size
16,988
Subdivision
Holmes Add- Millville
Year Built
1980

Property Description

Investment Opportunity in Historic Millville! Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $75,600 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience. The property has been well-maintained, with a new roof installed in December 2018 and fresh exterior paint applied in recent years. Its location is just a short walk to St. Andrews Bay and the Millville Waterfront Park, providing tenants with easy access to scenic views and outdoor activities. Millville's rich history as a hub for lumber and shipbuilding in the late 1800s adds a charming backdrop to this investment. Rent rolls are available upon request. Schedule a showing today with your preferred real estate professional to explore this unique opportunity in a historic and charming location!

Additional Information

Stories
1
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay

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Calculator source: Real Geeks

Listing courtesy of ERA Neubauer Real Estate Inc. Selling Office: NON-MEMBER OFFICE.