6521 Chipewa ST #A, B, C Panama City, FL 32404
UPDATED:
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,581 sqft
Price per Sqft $180
Subdivision Callaway
MLS Listing ID 788557
Sold Date 05/22/26
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,404
Tax Year 2025
Property Sub-Type Triplex
Property Description
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.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Electric Range, Electric Water Heater
Exterior
Parking Features Parking Lot
Roof Type Metal
Porch Covered, Porch
Private Pool No
Building
Lot Description Paved
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Level or Stories One
New Construction No
Schools
Elementary Schools Callaway
Middle Schools Rutherford Middle
High Schools Rutherford
Others
Restrictions No Short Term Rentals
Tax ID 06837-040-000
Special Listing Condition Listed As-Is
Bought with NON-MEMBER OFFICE
NEARBY SCHOOL & BUSINESS
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