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Sold for $625,000 on 02/13/25
  • $625,000

    215 Maine Ave, Panama City, FL 32401

    10beds
    4,080sqft
    Single Family Residence
    Built in 1980
    0.39 Acres Lot
    $626,500 Zestimate®
    $153/sqft
    $3,848 Estimated rent

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    $3,838/mo

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    $3,838/mo

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    What's special

    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 $75,600 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!

    Zillow last checked: 8 hours ago

    Listing updated: February 13, 2025 at 11:15pm

    Listed by:

    Kaci A Hawes 850-628-4537,

    ERA Neubauer Commercial,

    Heather H Neubauer 850-774-2832,

    ERA Neubauer Commercial

    Bought with:

    Dillon W Drake, 3565558

    Compass

    Source: ECAOR,MLS#: 965138MLS LogoOriginating MLS: Emerald Coast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Bedroom
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Electric
    Appliances
    • Included: Cooktop, Refrigerator, Electric Range, Electric Water Heater
    Features
    • Bedroom, Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,080
    • Total interior livable area: 4,080 sqft

    Property

    Features
    • Stories: 1
    • Pool features: None
    • Fencing: Partial,Privacy
    Lot
    • Size: 0.39 Acres
    • Dimensions: 175 x 96 x 176 x 95
    Details
    • Parcel number: 22862000000
    • Zoning description: Resid Multi-Family
    • Special conditions: Accept Backup Offers

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Stone, Stucco
    • Roof: Roof Shingle/Shake
    Condition
    • Construction Complete
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Location
    • Region: Panama City
    • Subdivision: Holmes Addn

    HOA & financial

    Other financial information
    • Total actual rent: 6300

    Other

    Other facts
    • Listing terms: Conventional,Other
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
    $626,500
    2% more+$12,530
    With Zillow Showcase(estimated)$639,030