819 Russ Lake Dr, Panama City, FL 32404

Investor & Builder Alert! Multi-Use Duplex with Expansion Potential—FHA 203(k) Eligible! Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone—and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge. Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters—perfect for long-term tenants or short-term rental flexibility. Renovations are underway and include: ✔️ New windows, subfloor, PEX plumbing & electrical wiring ✔️ New HVAC system & ductwork (upstairs) ✔️ Recessed lighting throughout ✔️ Tankless water heater ✔️ New roof (2019), new siding, exterior stairs to upper unit ✔️ RV hookups + large storage shed Public utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach—home to the world's most beautiful beaches. Bonus: Construction materials on site convey with sale. This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!