Property
Beds
3
Full Baths
3
1/2 Baths
None
Year Built
1977
Sq.Footage
1,581
This well-maintained triplex presents a compelling investment opportunity in Panama City, FL, just 12 minutes from Tyndall Air Force Base and approximately 15 minutes to downtown Panama City. The property features three well-designed units, each offering functional layouts and comfortable living spaces that continue to support strong rental demand in the area. With current income generation already in place, end units are producing $900 and middle unit is producing $875 per month, delivering immediate cash flow from day one. This established performance provides investors with a stable, income-producing asset in a market that continues to show resilience and growth. Strategically positioned near key employment centers, including Tyndall AFB and downtown Panama City, the property benefits from it's solid construction and proven rental history making it an ideal addition for investors seeking both dependable cash flow and long-term appreciation. Whether expanding an existing portfolio or entering the multifamily space, this triplex offers a rare combination of current income, strategic location, and future upside in one of Northwest Florida's steadily growing markets.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot
-
Patio and Porch Features
Covered, Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Paved
-
Property Type
Residential
-
Property Sub Type
Triplex
Price
-
Sales Price
$280,000
-
Tax Amount
$2,404
-
Sq. Footage
1, 581
-
Price/SqFt
$177
HOA
-
Association
No
School District
-
Elementary School
Callaway
-
Middle School
Rutherford Middle
-
High School
Rutherford
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Sewer
Public Sewer
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Location
County
Bay
Elementary School
Callaway
Middle School
Rutherford Middle
High School
Rutherford
Listing Courtesy of Amy L Killian , Beachy Beach Real Estate
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Debra McAllister
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