819 Russ Lake DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32404
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $121
Subdivision No Named Subdivision
MLS Listing ID 769484
Style Duplex
Bedrooms 5
Full Baths 3
Construction Status Under Construction
HOA Y/N No
Year Built 1971
Annual Tax Amount $1,352
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Duplex
Property Description
Attention Investors and Builders! 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.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 02 - Bay County - Central
Interior
Heating Central
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Building
Dwelling Type Duplex
Architectural Style Duplex
Construction Status Under Construction
Schools
Elementary Schools Parker
Middle Schools Rutherford Middle
High Schools Rutherford
Others
Tax ID 15033-000-000