Coldwell Banker Realty
    850-819-9816
    726 Thomas Drive Suite A Panama City Beach, FL 32408

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    819 Russ Lake Panama City, FL 32404

    Main photo of property

    No Named Subdivision
    MLS Number: 769484

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    • How Many Views 47 Views
    • Property Type Duplex Multi-Units
    • Square Foot of House 2,260 Sq Ft
    • Number of Beds 5 Beds
    • Number of Baths 3 / Baths
    • Share
    • $249,900


    Attention Investors and Builders! Attention investors - This property is FHA 203(k) renovation loan eligible! This permitted duplex has 2,260 sq ft and sits on a .311 acre corner lot. The property is zoned mixed-use and is eligible to be subdivided, so there is potential to add a second duplex or a single family home. For the residential home buyer, realize ongoing passive income by living in one unit and renting out the other. The duplex includes a 1,220 sq. ft., 3 bedroom/2 bath upstairs unit with sizable bedrooms and an ensuite bathroom in the master bedroom. The downstairs unit is 1,040 sq. ft. with 2 bedrooms/1 bath with direct access to the front and back yards. Both units have their own indoor laundry for a comfortable living space. The sellers are in the midst of renovations and have completed upgrades including new windows, subfloor, tankless water heater, HVAC and ductwork upstairs. Both units have new electrical wiring, new Pex plumbing, and recessed lighting. Exterior upgrades include a new roof in 2019, new siding, new stairs to access to the upstairs unit from the outside, and RV Hookups. The property is served by public utilities, and there are separate water meters and electrical service for both units, as well as natural gas service onsite. A large storage shed is also on the property. The property is located in a quiet neighborhood in the developing community of Springfield. It is close to schools and shopping, approximately 7 miles from Tyndall AFB, and 25 minutes away from the beautiful, well vacationed beaches located on Panama City Beach, known as ''The Home of the World's Most Beautiful Beaches.'' Construction materials on-site included. Reach out for a showing.

    Listing provided courtesy of Coldwell Banker Realty

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    • Architecture

      • Year Built: 1971
      • Stories: 0
      • Project Facilities:
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    • Interior Features

      • Square Footage: 2260
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    • Property Features

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      • Utilities: Electric On Site
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    • Community

      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
      • Elementary: Parker
      • Middle: Rutherford Middle
      • High: Rutherford

Current Data as of Sun Jun 22 13:16:13 CDT 2025
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