5138 Lance ST, Panama City, FL 32404
5138 Lance ST, Panama City, FL 32404
5138 Lance ST, Panama City, FL 32404
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$425,000
Est. payment /mo
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6 Beds
6 Baths
2,916 SqFt
New

5138 Lance ST Panama City, FL 32404

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Michele Monastra

Michele Monastra

+1(850) 493-7653

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,916 sqft

Price per Sqft $145

Subdivision Wh Parker

MLS Listing ID 796036

Bedrooms 6

Full Baths 3

Half Baths 3

HOA Y/N No

Year Built 1984

Annual Tax Amount $3,649

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Triplex

Property Description

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Interior Features Tub Shower

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Plank, Vinyl

Fireplace No

Appliance Electric Oven, Electric Range, Electric Water Heater

Exterior

Fence Fenced, Partial, Privacy

Utilities Available Electricity Available

Roof Type Composition,Shingle

Porch Covered, Porch

Private Pool No

Building

Lot Description Paved

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Level or Stories Two

New Construction No

Schools

Elementary Schools Parker

Middle Schools Rutherford Middle

High Schools Rutherford

Others

Restrictions No Short Term Rentals

Tax ID 25249-220-000

Listed by CENTURY 21 Commander Realty

NEARBY SCHOOL & BUSINESS

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Michele Monastra

Michele Monastra

Agent License ID: 3568384

+1(850) 493-7653

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5138 Lance ST