Live the Gulf Life on Florida’s Emerald Coast

5138 Lance Street

Panama City, FL 32404

MLS#: 796036

$425,000

Status: Active
Listing number: 796036
Listing provided by: CENTURY 21 Commander Realty
Listing agent phone: None
Last update: 18 hours ago
New on site 1 day ago
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Wh Parker - Residential

Property

Beds

6

Full Baths

3

1/2 Baths

3

Year Built

1984

Sq.Footage

2,916

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!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    3

  • 1/2 Bathrooms

    3

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Wood Siding

  • Patio and Porch Features

    Covered, Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7,380

  • Property Type

    Residential

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $425,000

  • Tax Amount

    $3,649.1

  • Sq. Footage

    2,916

  • Price/SqFt

    $145

HOA

  • Association

    No

School District

  • Elementary School

    Parker

  • Middle School

    Rutherford Middle

  • High School

    Rutherford

Property Features

  • Stories

    2

  • New Construction

    NO

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Parker

Middle School

Rutherford Middle

High School

Rutherford

Listing Courtesy of Kelli White Garrett, CENTURY 21 Commander Realty

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(850) 851-8778

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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!

5138 Lance Street

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