tomo logo

$665,000

Beds
10
Baths
6.0
sq ft
4,080

215 Maine Ave, Panama City, FL 32401

215 Maine Ave

Panama City, FL 32401

  • <1 day on market
Investment Opportunity in Historic Millville!Located in the heart of Historic Millville, this income-producing property includes two triplexes, offering a total of six units. The units consist of four 2-bedroom residences and two 1-bedroom residences, generating $63,300 in gross annual income with full occupancy. Each unit features adjacent parking and a small front open patio area for added convenience.The property has been well-maintained, with a new roof installed in December 2018 and fresh exterior paint applied in recent years. Its location is just a short walk to St. Andrews Bay and the Millville Waterfront Park, providing tenants with easy access to scenic views and outdoor activities. Millville's rich history as a hub for lumber and shipbuilding in the late 1800s adds a charming backdrop to this investment. Rent rolls are available upon request, and the property is currently managed by ERA Neubauer Property Management for seamless operations. Schedule a showing today with your preferred real estate professional to explore this unique opportunity in a historic and charming location!

Details

Property type

Single Family Residence

Est. home value

$637,528

Lot size

0.39 acres

Price per sq ft

$163

Year built

1980

Price History

12/22/2024
EmeraldCoast

EmeraldCoast #965138

Listed
$665,000
+25.47%
09/24/2021
CentralPanhandle

CentralPanhandle #710394

Sold
$530,000

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Port City Bank

Loan start date

September 2021

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

Cameron Hemphill

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 7:30 PM

Listing updated: 12/22/2024 at 2:19 PM

Listed by: Kaci A Hawes, ERA Neubauer Commercial Phone #: (850) 872-3434

MLS: EmeraldCoast #965138

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